Aave | ForkLog

ForkLog 24 10.12.2024

Stablecoin Market Capitalization Surpasses $200 Billion

The combined market capitalization of stablecoins has reached $204 billion, marking a 3% increase over the past seven days. Coinbase attributed this trend to a sharp rise in on-chain lending rates. USDT ($138.45 billion) accounts for 67.8% of the total token supply. The share of USDC is 19.9% ($40.69 billion). Data: CoinGecko. “[The increase in […]

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ForkLog 12 05.08.2024

Aave Earns $6 Million in a Day Amid Crypto Market Downturn

On August 5, the daily fee volume of the lending platform Aave reached $6 million, driven by the liquidation of positions worth $350 million. Aave Protocol withstood market stress across 14 active markets on various L1s and L2s, securing $21B worth of value. Aave Treasury was rewarded with $6M in revenue overnight from decentralized liquidations […]

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ForkLog 23 30.07.2024

Aave Token Surges Amid Protocol Economic Changes

Over the past week, the native coin of the DeFi protocol Aave (AAVE) has risen by 9%, reaching $104. This increase followed a proposal for a ‘fee switch’ and other economic updates. 15-minute AAVE/USDT chart on Binance. Data: TradingView. On July 25, the founder of Aave Chan Initiative (ACI), Marc Zeller, launched a ‘temperature check’ […]

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ForkLog 24 02.07.2024

Aave Developers Launch GHO Stablecoin on Arbitrum Network

The decentralized autonomous organization behind the development of the Aave DeFi protocol has launched the GHO stablecoin on the Arbitrum L2 solution network, as reported by The Block.

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ForkLog 11 02.07.2024

Aave to Integrate with Aptos Blockchain

The Aptos Foundation has proposed deploying the third version of the Aave lending protocol on the Aptos blockchain, which utilizes parallelization technology.

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ForkLog 84 02.05.2024

Aave Labs Unveils Roadmap for Fourth Protocol Version

Aave V4 introduces a “unified cross-chain liquidity layer.” The new version will feature automated protocol interest rate calculations. Developers propose expanding RWA based on the GHO stablecoin. Aave V4 is slated for release in mid-2025. Aave Labs, associated with the lending platform Aave, has unveiled a roadmap project for the creation of the fourth version […]

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ForkLog 20 15.04.2024

Ethereum Lending Protocol Liquidations Surpass $127 Million

In the first two weeks of April, the volume of liquidated positions in Ethereum’s lending markets reached $127.8 million, exceeding monthly figures not seen since at least June 2022, according to The Block. The dramatic events of summer 2022 were driven by investors’ reactions to the collapse of Terra. The publication noted that the surge […]

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ForkLog 16 12.04.2024

Aave Fork on Blast Erroneously Liquidates $26 Million in Positions

The lending protocol Pac Finance, modeled after Aave and based on the L2 solution Blast, encountered unexpected liquidations of user positions amounting to $26 million. Random Aave fork on Blast decreased Liquidation Threshold (LT) instead of Loan to Value (LTV) causing $26M worth of unnecessary liquidations. Fundamental problem with forking code is the lack of […]

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ForkLog 15 22.02.2024

Gauntlet Ends Longstanding Partnership with Aave

Gauntlet, a company specializing in risk management within DeFi, will cease its partnership with the lending platform Aave after four years of collaboration. Co-founder John Morrow cited last year’s challenges in “navigating conflicting guidelines and unwritten goals of major stakeholders” as the primary reason for the decision. He also mentioned instances of what he considered […]

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ForkLog 16 16.01.2024

Aave Community Considers Expanding Protocol to Neon EVM

Participants in the governance forum of the lending platform Aave have initiated a “temperature check” on a proposal to expand the third version to Neon EVM. At this stage, Aave community members can share their opinions and feedback on the proposed integration. If there is sufficient support, the proposal will move to a voting stage […]

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ForkLog 19 11.01.2024

Aave Community Backs Integration of PayPal’s PYUSD Stablecoin

99.99% of voters supported the integration of PayPal’s PYUSD into the DeFi platform Aave’s pools, achieving the necessary quorum. The initiative was overwhelmingly backed. Source: Aave. The vote commenced on December 18 and will conclude on January 11 at 8:21 UTC. The initiative followed a December decision by the decentralized exchange Curve to list PYUSD. […]

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ForkLog 28 17.11.2023

Aave Companies rebrands as Avara and acquires wallet developer Family

The team behind the DeFi platform Aave rebranded, changing its name to Avara.

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