Tag: AAVE
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Uniswap (UNI) and Aave (AAVE) at Risk of Short Squeeze as Market Sentiment Shifts
Short Squeeze Alert for Uniswap (UNI) In the 12-hour time frame, UNI has recorded $39.14 million in short positions compared to $32.83 million in long positions, accounting for 54.39% of the former. However, the 24-hour period is where UNI’s significance becomes more evident, with $113.58 million in shorts (52.77%) open. Given its current liquidity, a […]
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Why Justin Sun Places $33 Million in the Ave Lending Pool
Former Tron CEO Justin Sun recently transferred a sizeable sum of $33 million USDC to Aave Lending Pool v2. PeckShield, a blockchain security company, spotted the movement and discovered that the funds came from the Poloniex exchange, where Sun had already received USDC two years prior. Sun’s shift to Aave may have been motivated by […]
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Aave Launches Innovative Dollar-Backed Stablecoin GHO on Ethereum’s Goerli Testnet – Shaping the Future of the Crypto Economy
Aave Introduces New Stablecoin on Ethereum Goerli Testnet Web3 protocol company, Aave, has announced the launch of a new dollar-pegged stablecoin “GHO” (pronounced Go) on Ethereum’s Goerli Testnet. The Aave DAO will oversee the supply of GHO, determine the interest rate and manage risk parameters, with repaid interest being directed towards the DAO treasury instead […]
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Aave profits from Ethereum, but how long can this last?
It’s interesting to see that Aave’s migration tool and impending stablecoin launch both exhibit growth potential. This launch significantly increased Aave’s income and had a favorable impact on the v3 protocol. The crucial numbers, however, highlight the effect Ethereum had on the money made through V3. Making the protocol therefore represented the third-highest daily revenue […]
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LDO Soars as Whales Flock to the Thriving Decentralized Lending Space
Impressive Lending Pool Growth at Lido Finance The MakerDAO [MKR] and Aave’s [AAVE] loan pools on its protocol have grown significantly, according to a recent tweet from Lido Finance [LDO] on February 6. MakerDAO’s steCRV surged by a whopping 636% over the last week, while Aave’s Wrapped stETH [wstETH] witnessed a spike of 140%. Motives […]