Aave founder Stani Kulechov says a user confirmed a warning to proceed with the swap, despite “extraordinary slippage,” while a MEV bot also attacked the large transaction.
Aave (AAVE) Crypto News Today
Get the latest news on Aave, a decentralized finance (DeFi) protocol that allows users to lend, borrow and earn interest on cryptocurrencies without intermediaries.
Its native Aave (AAVE) cryptocurrency functions as a governance token, allowing holders to vote on protocol modifications and receive incentives.
Aave’s flash loan feature enables uncollateralized borrowing for short durations, facilitating arbitrage and other complex trading strategies.
Keep up-to-date with Aave’s market performance and the latest developments with Cointelegraph.
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Capo, an external oracle solution used by Aave, triggered around $27 million in liquidations after a pricing glitch, but the lending platform said it is stepping in to cover the losses.
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A proposal to transfer control of Aave’s brand assets and intellectual property to its DAO failed in January, prompting debate over the protocol’s long-term direction.
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Bitcoin bounced back this week as stablecoin inflows surged, and DeFi faced fresh pressure from Aave governance strife, exploits and exchange security moves.
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The move follows a 52.58% Snapshot vote on a $42.5 million funding package for Aave Labs, now headed to the ARFC stage before any binding onchain decision.
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Tokenholders backed a $42.5 million stablecoin package and 75,000 AAVE allocation for Aave Labs under a proposed DAO-funded revenue model.
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Analysts dispute claims of a daily Jane Street Bitcoin dump as spot Bitcoin ETFs post three days of inflows and DeFi debates shift to real revenue.
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DefiLlama data shows derivatives contribute heavily to DeFi’s $1 billion-plus quarterly revenue as lending and trading infrastructure converge.
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Aave continues to lead DeFi lending, with $27.2 billion in user value secured and $83.3 million in fees over the past 30 days, nearly four times more than its closest competitor.
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Competing reports outline contrasting views on protocol revenue, development and funding accountability.
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Decentralized autonomous organizations (DAOs) govern some of the biggest decentralized finance protocols, including Curve Finance and Aave.
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After four years contributing, BGD Labs said it would be leaving the DAO, citing changes to the organization and taking an “adversarial position“ to its liquidity protocol.
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A drop in Solana’s DApp revenue, along with limited institutional and retail investor interest, adds vulnerability to SOL’s $78 support.
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Aave Labs CEO Stani Kulechov said onchain lending could help accelerate the development of solar, energy storage and robotics by putting money behind “future-proof” assets.
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Grayscale joins Bitwise in filing to launch a standalone Aave product in the US, betting that Wall Street has retained its appetite for altcoins.
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