Strategic ETH to stETH Move Powers 10M USDT Binance Loan via AAVE
The "smartestmoney.eth" address, operating under Ember's watchful eye, has orchestrated a series of strategic ETH to stETH transactions that have set the crypto community abuzz.
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The "smartestmoney.eth" address, operating under Ember's watchful eye, has orchestrated a series of strategic ETH to stETH transactions that have set the crypto community abuzz.
In a strategic move that promises to reshape the future of the Aave ecosystem, its vibrant community is eagerly preparing for a momentous “Treasury Proposal for RWA Allocation.” This landmark proposal, open for voting until August 25th, has the potential to usher in a new era for Aave by allocating a portion of its stablecoin reserves towards low-risk real-world assets (RWA) through the innovative Centrifuge Prime platform.
An early investor in AAVE has reportedly sold 12,500 AAVE tokens at a loss.
As the lending protocol recovers from the aftermath of Curve hack, Aave community members have approved a proposal to deploy its V3 iteration on Base.
AAVE extended its bearish momentum, with price dropping to the June low of $50.
In a recent and unsettling turn of events, the blockchain community is grappling with concerns surrounding the security integrity of the Aave Protocol's Earning Farm. A noteworthy security advisory has surfaced, prompting users to exercise caution and remain vigilant in light of potential vulnerabilities that could compromise their assets.
According to the report, a cluster of addresses commencing with the distinctive prefix "0x47Ab" has undergone liquidation through the utilization of the AAVE protocol.
Aave founder Stani Kulechov has brushed off concerns about the instability of the stablecoin GHO.
Exciting news emerges from the Aave ecosystem as the circulation of the decentralized stablecoin GHO, Aave's native creation, crosses an impressive threshold of 20 million.
AAVE's price began its descent prior to Curve's hack. As the lending protocol gears up to purchase Curve tokens, interest in AAVE wanes further.
AAVE hit a resistance zone and could retreat lower if BTC overstays below the range-low of $29.5k.
Details from the proposal showed that the leading DeFi platform plans to take a strategic step by acquiring CRV tokens using USDT from its treasury.
Led by Marc Zeller of the Aave Chan Initiative, Aave DAO's community governance process has approved a proposal to strategically acquire CRV tokens using USDT from Aave DAO's treasury.
The community behind Aave has voted in favor of a proposal that seeks to use 2 million USDT from the Aave DAO Treasury to acquire 5 million CRV to support the DeFi ecosystem.
On August 11, the Aave community passed an on-chain vote for the "aCRV over-the-counter transaction" proposal, with 57.81% of the votes in favor.
The Aave community has started voting on three crucial proposals that could help significantly reduce the protocol's exposure to Curve Finance's CRV token. Two out of the three proposals in question opened for voting on the 10th of August.
The Aave community is currently taking active measures to mitigate its protocol's exposure to the Curve DAO token (CRV), with two distinct proposals up for voting as of August 10th.
Aave token holders are voting on three proposals that could reshape the protocol's exposure to Curve DAO token.
The proposals, which aim to disable CRV borrowing and decrease Aave's exposure to Curve's native token on its Ethereum V2 markets, are responses to the liquidation pressure faced by Curved founder Michael Egorov.
Aave's Earning Farm, which supports Ethereum (ETH), Wrapped Bitcoin (wBTC), and USDC was hacked and reportedly lost approximately $287,000 in ETH
According to the blockchain security firm, Aave protocol's Earning Farm was compromised by a reentrancy attack on Aug. 9.
PeckShield blockchain security firm shared a warning concerning potential vulnerabilities within the Aave Protocol's Earning Farm. The company shared distressing information paired with a transaction screenshot, suggesting that the Earn Farm on Aave might be under the threat of an exploit known as a "reentrancy hack.
Aave community is set to embark on a pivotal decision-making journey as it prepares for an upcoming online voting session on the "aCRV OTC" proposal.
Aave (AAVE) has indeed emerged as a significant player in the decentralized finance (DeFi) space, providing users with the ability to borrow and lend cryptocurrencies on the Ethereum blockchain. With its native governance token AAVE, the protocol allows users to participate in the governance of the platform and use AAVE tokens as collateral.
