Aave

Aave Labs, the team behind the DeFi lending platform Aave, has proposed a slew of major upgrades and expansions two years after introducing its V3. The suggested improvements include Aave V4, Aave Network, a Cross-Chain Liquidity Layer, non-EVM L1 deployments, and a fresh visual identity. Aave V4 According to the latest blog post, Aave V4 will be built with a brand-new architecture featuring an efficient and modular design while aiming to minimize disruptions to third-party integrators. The most important architectural…

The post 20X Potential Gains on Kelexo (KLXO) Captivate Uniswap (UNI) and Aave (AAVE) Crypto Investors appeared first on Coinpedia Fintech News Opportunities abound in the cryptocurrency market but only a few of them have huge potential. Projects which do things differently in the market have a higher chance of success. In this article, we explore Kelexo (KLXO), a new entrant into the market doing things differently in the credit industry. We investigate the reasons behind the 20x returns projected…

MakerDAO, the organization behind the DAI stablecoin, has temporarily suspended the depositing and minting of DAI on the crypto lending platform Aave. The suspension came after Maker (MKR) holders voted to disable the Aave DAI Direct Deposit Module (D3M) on June 16. The proposal got a 64% approval rate, allowing Maker to implement the change on June 17. According to Maker, [embed]https://twitter.com/MakerDAO/status/1537217119913484288[/embed] By disabling Aave’s D3M, Maker stopped Aave traders from borrowing DAI against staked Ethereum (stETH), which lost its…

Leading digital-asset investment firm Grayscale Investments has announced that it is considering several crypto-assets for potential product offerings. This, according to the firm, is part of its aims to diversify its current product portfolio.  23 Cryptocurrencies Under Consideration Grayscale revealed this latest development in a press release on February 26, 2021. According to the report, the firm is currently exploring 23 crypto-assets to expand its current investment products for its clients.  Several top cryptocurrencies are included, including smart contract-based platforms…

The crypto space has been vibrant in the past 24 hours, with the recent pump of Dogecoin on everyone's lips. However, one sector that has gone below the radar is the DeFi sector, which has experienced a bullish increase.  At the time of writing, the total locked-In value in DeFi protocol has hit a record $27 billion. Looking at the data from DeFi Pulse, over $2billion was added into DeFi protocols 24 hours. The recent surge in the value of…

After a few days of bearish trend, the crypto market has rebounded in the past 24 hours of trading.  This upsurge in price movement sees most of the top coins trading in green with a few in double digits profits. Bitcoin recovers towards $32,000 Bitcoin has not enjoyed the best of weeks as the leading coin is on a bearish trend. The price of BTC has struggled to make significant gains since it surpassed the $40,000 mark two weeks ago.…

Brian Brooks, the Comptroller of the United States Currency believes that decentralized finance (DeFi) could determine the future of banks.  According to him, DeFi will eventually redefine the banking system provided that adequate regulations are put in place. DeFi Could Change the Banking Sector Brian Brooks the current director of the Office of the Comptroller of the Currency (OCC) revealed his thoughts in an opinion piece published for the Financial Times.  According to Brooks, licenses from national banks could one…

Taking another step in decentralization, Aave Protocol has just announced the handover of admin keys to governance. With this announcement, the Aave team will give up the control of admin keys - giving ownership of the LendingPoolAddressProvider & TokenDistributor contract to the Aave Governance. Enabling governance in the hands of token holders Earlier this year, the protocol went live on Ethereum Mainnet, putting the governance in the hands of its native token (LEND) holders. Shortly after this announcement, the token…

Aave protocol has raised $25 million from investors as it seeks to continue developing DeFi projects. Funds were raised from three investment firms. Aave revealed on Twitter that the DeFi protocol had successfully secured funding from three firms. Blockchain.com Ventures, Blockchain Capital, and Standard Crypto were the firms that partook in the latest funding round, which raised $25million. Blockchain.com ventures are the investment body of popular crypto wallet provider Blockchain.com, and its investment in Aave shows the potentials within the DeFi…