AAVE, UNI, CRV surge amid market complexities
After avoiding proscription by the SEC, these tokens have now become a major interest for whales and institutions. But what else?
Keep up with what's happening in the crypto world in real-time.
After avoiding proscription by the SEC, these tokens have now become a major interest for whales and institutions. But what else?
Cryptocurrency prices continued roaring back during the weekend as investors continued buying the dip. Bitcoin, the biggest coin in the industry, jumped to a one-year high of over $31,000. In all, the total market cap of all digital currencies jumped above $1.
The digital currency ecosystem is seeing a mixed reaction today and while the combined crypto market cap is down by 0.10%, decentralized lending protocol Aave is currently leading altcoin momentum. Aave Price Jump and Possible Triggers At the time of writing, Aave is changing hands at a spot price of $74.46 after printing a parabolic
AAVE, the native governance token of Aave, a decentralized, multichain, and non-custodial lending and borrowing protocol, is up 27% as of June 25
For AAVE price, the quiet period marked a time of intense buying accumulation around support prices, signaling a potential upward trend
The cryptocurrency market remains relatively calm during the weekend but AAVE makes an exception.
A trader has opened an on-chain short position on the TUSD stablecoin amid the issuer's links with Prime Trust.
The Aave community unanimously voted against a proposal by Gauntlet to freeze Curve DAO (CRV) tokens on version 2.
In the high-stakes world of decentralized finance (DeFi), a proposed amendment to AAVEs lending protocols has ignited a divisive clash among its users. The controversy revolves around an account that has raised suspicion due to its mounting debt and, more notably, a proposal to address this accumulation, triggering debates over censorship resistance in the DeFi space.
The Curve-Aave loan fiasco caused USDT to slip slightly from its 1:1 peg with the USD.
Lens Improvement Proposals (LIPs), which is inspired by Ethereum and Aave, is an attempt to create a framework for developers, creators and users to participate and have a voice in the decision-making process of Len's future development.
Bitcoin (CRYPTO: BTC) traded lower, with the cryptocurrency prices trading below the $25,000 level on Thursday following the monetary policy decision from the Federal Reserve. The Fed held interest rates steady at its June FOMC meeting, as widely expected by the market.
Lending protocol Aave DAO has already been recommended to “freeze” millions worth of CRV tokens.
A wallet tied to Curve Finance founder Michael Egorov has reduced its on-chain debt, easing some concerns.
An Aave proposal intended to prevent a particular account from accumulating more debt has led to significant controversy, with some stating that it violates the principle of neutrality in DeFi. The proposal suggested imposing a cap on using CRV tokens as collateral, preventing the wallet address in question from adding more loans.
The Curve Finance DeFi stablecoin protocol is on shaky ground at the moment as the bad crypto news keeps coming. Large amounts of CRV tokens are at risk of liquidation as an account believed to belong to the founder has run up a huge debt position.
The proposal suggests that a cap should be imposed on the use of CRV as collateral, preventing this wallet address from adding more loans.
Gauntlet advised the Aave community to freeze CRV tokens associated with a wallet that borrowed $65 million in stablecoin.
A whale made a huge deposit of 25,000 ETH (about $43 million) into the Aave platform and took out a large loan of 35 million USDT, a significant milestone for the crypto market.
An intriguing move was made by a wallet believed to be owned by Michael Egorov, the creator of Curve Finance, with the wallet deposited an eye-popping 38 million Curve DAO (CRYPTO: CRV) tokens, valued at around $24 million, into Aave (CRYPTO: AAVE), a decentralized lending platform. On-chain analyst Lookonchain pointed out that this strategic move over the weekend was executed by Egorov to bolster his collateral, thus diminishing the likelihood of liquidation.
In a surprising turn of events, the founder of Curve.fi, a decentralized exchange protocol, has deposited over 33% of Curve's circulating CRV tokens into the popular lending platform, Aave. This move has raised eyebrows among industry experts, posing potential risks to Curve's ecosystem and Aave.
Curve Finance founder Michael Egorov has deposited $24 million worth of Curve DAO (CRV) tokens to decentralized lending platform Aave to mitigate the liquidation risk of a $65 million stablecoin loan.
Curve Finance founder Michael Egorov has deposited $24 million worth of Curve DAO (CRV) tokens to decentralized lending platform Aave to mitigate against liquidation risk on a $65 million stablecoin loan.
A wallet tagged as belonging to Curve Finance founder Michael Egorov deposited 38 million CRV tokens into Aave to mitigate liquidation risk.
