The Aave DAO has officially approved a $4 million buyback plan for AAVE tokens, with the proposal receiving overwhelming support, securing 99.63% of the vote. This proposal empowers the Aave Finance Committee (AFC), a governance-backed body responsible for overseeing Aave's treasury and financial activities, to begin purchasing AAVE tokens on ...
Aave Labs founder Stani Kulechov has confirmed that no new token will be introduced for Horizon, Aave’s real-world asset (RWA) initiative, following a clear consensus within the Aave DAO. In a March 16 post on X, Kulechov stated that the DAO had overwhelmingly rejected the idea of launching an additional ...
Aave has integrated Circle’s EURC stablecoin on the Base layer-2 blockchain, enhancing its lending platform with new borrowing and collateral options. Users can now borrow EURC or use it as collateral, marking a shift from traditional USD-pegged stablecoins like USDC, DAI, and USDT. The move aligns with a broader trend ...
Aave, a leading DeFi protocol, is on the verge of expanding to Sonic, an EVM-compatible blockchain network developed by the creators of Fantom. A new governance proposal, submitted on January 31 by the Aave Chan Initiative (ACI), seeks approval for deploying Aave V3 on Sonic, highlighting the network’s high-speed transactions ...
DeFi lending protocol Aave developer Aave Labs has revealed its ambitious roadmap for the protocol's future evolution. The firm published a proposal on May 1 2024 that outlines plans to upgrade the protocol to its next-generation version 4, with a focus on significant enhancements and expansions to the Aave Network. ...
Aave has successfully launched GHO, an algorithmic stablecoin pegged to the US dollar, on the Ethereum mainnet. The launch follows a positive response from its community of users on its proposal for developing the token. Let's GHO! Congrats to the @AaveAave community on the Mainnet Launch. https://t.co/vI7JbMLYb4 — GHO (@GHOAave) ...
Blockchain security company PeckShield has reported a multi-million dollar loss caused by an exploit that targeted yUSDT, a stablecoin produced by Yearn Finance, a decentralized finance platform. The attack affected Aave V1 and several stablecoins, including DAI, USDT, USDC, BUSD, and TUSD, all of which are pegged to the US ...
