Aave

Aave devs propose freezing Fantom integration, citing lack of traction and potential vulnerability

On Tuesday, Marc Zeller, integration lead at decentralized finance (DeFi) borrowing and lending protocol Aave, proposed to freeze the platform’s V3 Fantom market. Created in 2018, Fantom is a directed acrylic graph smart contract platform providing DeFi services, of which Aave is currently bridged.  Zeller explained the rationale for removing the Fantom bridge: “After the …

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Why DeFi Giants Aave, Curve May Want Their Own Stablecoins

Stablecoins are also unmistakably one of crypto’s most important innovations and historically one of its fastest growing sub-economies. Today, there’s over $150 billion worth of stablecoins in circulation, according to data provider CoinGecko. Two dollar-pegged assets from competing centralized companies/consortia, tether and USDC, account for over two-thirds of that market. Source link

Aave DAO approving overcollateralized stablecoin splits crypto community

Aave DAO, the governance body behind decentralized finance (DeFi) giant Aave (AAVE) protocol, has unanimously voted in favor of creating an overcollateralized stablecoin called GHO. The Aave company put up the GHO creation proposal on July 28, which received an overwhelming 99.9% community vote over the course of three days. The proposal ended on Jul …

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