Aave DAO set to reward devs with $16.3M in retroactive funding
Aave DAO that powers the decentralized finance (DeFi) platform Aave has approved a request to pay members of Aave Companies retroactive financing of $16.28 million for their contribution to the development of Aave Protocol V3. Voting for the initiative started on September 6 and, as of this writing, had received 667,000 yes votes, more than […]
Merge: Defi Giant Aave Halts Loaning Ether
The Aave community is worried that more users will borrow ether before the Merge, which could cause liquidity problems for the protocol and make the staked ether market on Lido more volatile. Aave, a large decentralized lending platform, has put in place new rules to protect itself from a number of risks that could come […]
Aave Stops Lending Ether Before Merge
The Aave community is concerned that users will borrow ether ahead of the Merge, causing liquidity issues and volatility in Lido’s staked ether market. Large decentralized lending platform Aave has instituted new restrictions to safeguard itself from many threats that could arise from an increase in the desire to borrow ether (ETH) from cryptocurrency speculators […]
Aave urges members to support Ethereum PoS chain
The result will provide a clear picture of where Aave token owners stand in relation to the impending ETH hard fork. In order to participate in an AAVE Request for Comment (ARC), holders of Aave tokens must “commit” to Ethereum’s proof-of-stake (PoS) consensus. The ARC was put forth on August 16 in light of Ethereum’s […]
Twitter suspends Aave’s founder account for allegedly spreading FUD
After a recent message by Aave’s founder that went viral on Twitter, Stani Kulechov has been banned from the platform as his tweet appeared to spread fear, uncertainty, and doubt (FUD). The move was said to be done to reduce “FUD.” “Breaking: Joining Twitter as interim CEO.” states the message, which can no longer be […]