Oracle Malfunction in Aave Leads to $26 Million Liquidations
On March 10, the DeFi protocol Aave experienced an oracle malfunction, leading to erroneous liquidations of wstETH token positions amounting to approximately $26 million.Aave is a lending DeFi protocol that allows borrowing and lending of crypto assets with variable and stable interest rates.
Oracle Malfunction in Aave Leads to $26 Million Liquidations
On March 10, the DeFi protocol Aave experienced an oracle malfunction, leading to erroneous liquidations of wstETH token positions amounting to approximately $26 million.
Aave Becomes First DeFi Platform to Issue $1 Trillion in Loans
The total volume of loans on the DeFi platform Aave has surpassed $1 trillion, marking the first time a project in the decentralized finance industry has reached this milestone.
Conflict Erupts in Aave Community Over $50 Million Proposal
On February 26, members of the Aave DAO will hold a preliminary vote on the Aave Will Win proposal. The initiative has sparked conflict within the community as Aave Labs has requested funding of approximately $50 million.
BGD Labs Ends Collaboration with Aave Over Centralization Concerns
BGD Labs, a key technical developer for the Aave lending DeFi platform, announced it will cease collaboration with the project due to "radical changes" in the structure of the DAO.
Bitwise CIO: DeFi Could Lead Crypto Out of the Bear Market
The decentralized finance (DeFi) sector has the potential to pull the industry out of its prolonged correction, according to Bitwise's Chief Investment Officer Matt Hougan.
Aave Founder Predicts RWA Market Surge to $50 Trillion Driven by Solar Energy
The DeFi sector is poised for a significant boost from the tokenization of renewable resources such as solar energy, according to Stani Kulechov, founder of Aave.
Aave Founder Acquires $30 Million London Mansion
The founder of Aave, Stani Kulechov, has purchased a five-story Victorian mansion in the prestigious Notting Hill area of London for £22 million (approximately $30 million).
AAVE Holders Reject Transfer of Brand Control to DAO
Participants in the Aave ecosystem voted against an initiative to transfer the protocol's brand control to a decentralized organization.
Aave Founder Accused of Vote Buying with $10 Million Token Purchase
Co-founder of Aave criticized for $10 million token purchase: community believes the goal is to gain votes for a contentious proposal.
AAVE Drops 19% in a Week Amid Internal ‘Civil War’ Within the Project
Over the past seven days, Aave’s native token (AAVE) fell 19%, the worst performance among the 100 largest assets.We use cookies to improve the quality of our service.
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