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A bug discovered in an older version of the popular crypto lending protocol, Aave, is causing inconvenience for users attempting to interact with Wrapped Ether (WETH), Tether (USDT), Wrapped Bitcoin (WBTC), or Wrapped Matic (WMATIC) pools on Aave V2 Polygon.
The bug only affects the Polygon implementation, and V3 is unaffected
It is worth mentioning that CHZ is an ERC-20 token that runs on the Ethereum-based Chiliz blockchain. The token is used by users as currency to purchase NFTs on the Chiliz fan token marketplace.
AAVE attempted recovery after BTC reclaimed the $27k price zone. However, the recovery could stall near $65 unless BTC reclaims $28k.
Bakkt, the Intercontinental Exchange's crypto business, has confirmed delisting 25 of the 36 tokens it offers via Apex Crypto. The delisting decision was made after the firm acquired custody and clearing firm Apex Crypto last month.
Intercontinental Exchange-owned Bakkt discontinued its consumer-facing app in February as it shifts away from retail
Aave has been in a downtrend since 20 April, when the previously bullish higher timeframe market structure was violently broken after losses of 15% within a week.
With a resounding "go ahead" message from its voting populace, Aave would begin integrating its third version on the Ethereum L2.
Aave, a leading lending protocol, has announced its decision to deploy version 3 (V3) on the Ethereum layer 2 ecosystem, Metis Network. The move comes after a unanimous community vote held on Aave's governance forum, demonstrating strong support for the expansion.
Ethereum layer-2 protocols continue to attract the biggest players in the decentralized finance sector, with liquidity protocol Aave deploying on scaling network Metis.
Aave, the decentralised crypto lending protocol, has launched the V3 version of its platform on the Metis blockchain, accelerating the project's expansion into the DeFi world.
The Aave DAO completely voted in support of a proposal to launch the third iteration of its lending service on Metis, an L2 scaling network built atop Ethereum's blockchain.Launching on Metis will allow users of the popular DeFi lender to access lower transaction fees and enjoy liquidity incentives offered by Metis.The move could bootstrap activity on Metis and drive adoption on the L2 amid growing competition in Ethereum's scaling protocol landscape. Ethereum L2 scaling network Metis will welcome DeFi lending protocol Aave to its ecosystem after a community voted in support of the move.
The move could bolster market liquidity for the burgeoning Metis ecosystem, community members say.
Aave witnessed a spike in activity as demand for wstETH grows. AAVE's price continued to decline as whales lost interest.
The most recent Aave price analysis confirms an increasing trend for cryptocurrency as the coin value has increased today. Earlier, as a correction appeared to dominate the market for a few hours yesterday, the market value of cryptocurrency fell, but it soon recovered.
After a challenging year, Aave and Compound experienced a decrease in deposits and users. However, their highly anticipated V3 releases are showing positive signs.
Our daily appointment on price analysis, news and statistics of the crypto market continues: today it is the turn of Dogecoin, Aave and Kadena.
In Q1 2023, Aave's network value increased, as did its revenue. However, a decline could be imminent considering the performance of the protocol in the first month of the second quarter.
Aave price analysis shows the bearish trend in the short-term with prices currently sitting at $70.95, down from a daily high of $73.24. The bearish pressure has been mounting in recent days as selling pressure has outweighed buying pressure.
Aave's proposal to launch on the zkSync Era Mainnet has received over 99% support from AAVE tokenholders. The launch will initially be limited to USDC and ETH, and if successful, could introduce new users to decentralized finance and cement Aave's position as a premier borrowing platform within the zero-knowledge ecosystem.
Aave, a decentralized finance (DeFi) lending platform, has recently announced that its proposal to launch on ZK-EVM has passed the temperature check vote. This will enable Aave to provide a more efficient and cost-effective solution for its users, as the platform can now operate on the Ethereum Virtual Machine (EVM) compatible with zero-knowledge (ZK) technology.
A proposal to deploy the third version of lending protocol Aave has recently passed a “temperate check” with an overwhelming favorable majority.
Aave has begun making changes to its protocols through the new proposals. These changes could possibly improve the declining fees generated by the protocol.
Aave users were hit with some concerning news on 13 April following reports of malicious exploit. Initial reports revealed that Aave and Yearn Finance were involved, leading to an alleged $10 million loss.
