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Risk exposure of Aave to Curve declines materially as the condition of the protocol improves.

Aave briefly overtook MakerDAO as the second-largest DeFi protocol in terms of TVL following the collapse of Silicon Valley Bank. However, the tides turned following Curve's hack, and it slipped back to third place.

The Aave community has approved the proposal to prohibit additional CRV borrowing, with a 100% support rate. The risk management firm Gauntlet proposes the Aave community to block Curve DAO Token (CRV) borrowing to prevent the liquidation risk of Curve Finance founder Michael Egorov's debt that could trigger a contagion and possibly a DeFi crash.

Aave community has successfully passed an online voting proposal that seeks to "ban the addition of CRV mortgage lending.

AAVE was in a tight bearish grip amidst increasing uncertainty and leverage to sellers.

Given the mechanism of the Aave V2, the recent CRV concentration has impacted the protocol's revenue.

CRV, the governance token of Curve, a decentralized exchange for stablecoins and a key player in the decentralized finance (DeFi) landscape, has impressively recovered, adding 22% after sinking to its August 2023 lows this week. When writing on August 3, CRV is trading at $0.59, rising double digits after dropping to $0.48 on August 1 following a damaging hack that saw liquidity providers in several pools lose funds.

Michael Egorov, the founder of Curve, has sold an additional 7.5 million CRV in an over-the-counter (OTC) transaction and paid a $3 million debt in USDT on Aave

By acquiring 5 million CRV tokens at the current price, this proposal seeks to send a powerful signal of solidarity within the DeFi space. Additionally, it would strategically position the Aave DAO in the ongoing “Curve wars,” while also bolstering the liquidity of Aave's decentralized multi-collateral stablecoin, GHO.

The proposal drew mixed reactions from the community where some criticized the strategy for buying more CRV even as others are looking to shed exposure.

The Aave Chan Initiative, introduced within the Aave governance forum, suggested acquiring $2 million worth of curve tokens (CRV) from Michael Egorov, the founder of Curve. Spearheaded by Marc Zeller, the creator of Pandemic's blockchain consultancy firm and a key player in Aave Companies, the initiative is a delegate platform that operates closely with Aave.

Whales are starting to accumulate various tokens across the crypto sector in an attempt to diversify their portfolio. NFT, Lending and Liquid Staking tokens have become key areas of focus.

Aave Chan Initiative's Marc Zeller proposed that Aave's treasury should purchase $2 million of CRV from Curve founder Michael Egorov.

AAVE price may have been impacted by this week's Curve Finance scandal, but a robust insurance fund and steady fee revenue could protect against further downside.

An ongoing crisis situation stemming from a large curve token collateral can be prevented by pausing all borrowing activity, Gauntlet argued in a Wednesday protocol.

Bitcoin (CRYPTO: BTC) traded lower, with the cryptocurrency prices falling below the key $29,000 level on Tuesday. Ethereum (CRYPTO: ETH) also moved lower, trading below the key $1,900 mark this morning.

Curve Finance suffered a significant exploit over the weekend, with attackers managing to siphon off around $70 million worth of assets from users. Curve founder Michael Egorov has a loan of around $70 million in USDT on Aave v2, using CRV as collateral.

Key Points: Justin Sun has made a strategic decision to withdraw approximately 52.5 million stablecoins from the decentralized lending platform, AAVE. The sizable withdrawal consists of approximately 40.7 million USDT and 11.7 million USDC, stirring curiosity and speculation in the crypto community.

AAVE hit a crucial demand and confluence zone which could present buying opportunity, but

Curve Founder Michael Egorov's $168M in holdings is under stress, imperiling DeFi as a whole. PLUS: The Litecoin Foundation and crypto cold-storage card manufacturer Ballet HAVE teased a sale of 500 collectable cards – fashioned from 50 grams of fine silver.

Decentralized exchange Curve Finance saw exploits of over $70 million on Sunday, caused by a Vyper reentrancy lock malfunction.

The stablecoin GHO, created by DeFi platform Aave, lost its $1 peg for a few hours on July 31. The token has risen to $0.98 since then, and analysts are theorizing what might have caused the depeg.

Aave's AAVE token, a prominent cryptocurrency in the decentralized finance (DeFi) space, has been garnering attention from investors and traders alike. In the past 24 hours, AAVE experienced a notable 3.91% price surge, reaching $72.88, after a minor 1.11% pullback during the week.

In the ever-evolving landscape of cryptocurrencies, Aave's native token, AAVE, has emerged as a significant player, captivating the attention of traders and investors alike. Over the last 24 hours, AAVE experienced a slight dip of 3.07%, settling at $69.40.