Aave is an open source and non-custodial DeFi Protocol which enabling the creation of money markets. Aave’s native cryptocurrency is called LEND. Aave’s UK business entity has been granted an Electronic Money Institution (EMI) license on July 7, according to the FCA.
Aave to Launch on zkSync with Overwhelming Support from Community
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 Freezes Stablecoin Trading Amid Price Volatility
Lending protocol Aave has temporarily halted trading of stablecoins and set the loan-to-value (LTV) ratio to zero due to the recent price volatility on USD Coin (USDC) following its depegging on March 11. Aave's decision was based on an analysis by decentralized finance risk management firm Gauntlet Network, which recommended a temporary pause of all v2 and v3 markets. The LTV ratio determines how much credit can be secured using crypto as collateral and is calculated by dividing the amount of credit borrowed by the value of the collateral.
Aave DAO Passes Proposal to Recover Lost Tokens
Aave DAO has passed a proposal called “Rescue Mission Phase 1 Long Executor” to recover lost AAVE, LEND, Tether, UNI, and staked AAVE tokens that were mistakenly sent to certain token contracts in the past. This proposal authorizes Aave developers to upgrade the smart contracts and send the lost tokens back to their original owners automatically. The new implementations for these contracts will only include extra logic during initialization, implying that future tokens mistakenly sent to these addresses may not be recoverable.
The DeFi space is on a path of steady recovery as good actors
Yearn.finance, MakerDAO, SushiSwap, and Aave were among 30 protocols engaged.
After a $60M short assault, Aave recommends governance reforms.
Onomy's breakthrough technique generated millions. The concept combines decentralized finance and FX on-chain. Industry estimates foresee another tough year, keeping investors engaged.
MAS Launches First DeFi Pilot Tests with Polygon and Aave
The Monetary Authority of Singapore has completed a pilot test on DeFi using Polygon and Aave
Justin Sun Withdraws Millions of Dollars’ Worth of USDT from Aave's Lending Pools
The Tron founder Justin Sun has withdrawn a huge amount of liquidity from the DeFi protocol. The move is likely to have been triggered by the recent ban on addresses that received funds from Tornado cash.
Controversial Entrepreneur Sifu is Back with New DeFi Lending Protocol Forked from Aave
Sifu was the co-founder of the defunct Canadian crypto exchange QuadrigaCX and he has been implicated with several fraudulent deals in the past.
Aave Halts ETH Lending Ahead of Ethereum’s Merge
Aave has temporarily suspended giving out Ether loans to avoid risks associated with the upcoming Merge.
Aave Integrates with Pocket Network for Dapps Development
Aave announced integration with the distributed network of over 44,000 nodes on the Pocket Network to enhance decentralized application development.