Proposal seeks to overhaul Aave’s $375 million Safety Module
Big changes are coming to DeFi’s second-largest protocol and its $375 million insurance pool In a largely celebratory community call devoted in part to commemorating lending protocol Aave’s January 8th “Aaveversary” — a full year of Aave on Ethereum mainnet — there was also a look into Aave’s possible future: a proposal from Delphi Digital seeking to fundamentally alter Aave’s Safety Module and create a new insurance product offering. Currently, $aave governance token holders can stake their tokens in the Safety Module, a pool of liquidity designed to help insure the protocol against a....
Related News
The MakerDAO decided to cut off Aave from its direct deposit module as a safeguard in light of the possibility that Celsius folds and crashes the price of stETH. MakerDAO has voted to cut off lending platform Aave’s ability to generate DAI for its lending pool without collateral as the risks of Celsius’s liquidity crisis loom large over the entire crypto ecosystem.The decentralized autonomous organization (DAO) made the decision as a means of mitigating the Maker protocol’s exposure to the beleaguered staking and lending platform in case Celsius goes belly up and implodes the stETH peg as....
Dark Wallet is known to many in the Bitcoin community, as it makes it easier to transact with Bitcoin anonymously. An update for Dark Wallet has been released, which brings real cash withdrawals into the wallet. The new update will bring many improvements to the Darkwallet, including: Experimental ATM tool/fast cash out module. History is now cached on the wallet. Broadcaster feedback improved, and general gateway status overhaul. Unlimited storage for the plugin. Compatibility fixes for ed25519 communications. ATM Tool. The most popular new feature is the fast cash withdrawal module.....
The research, media, and investment company adds a development wing Why wait for one of your investments to release a new feature when you can just build it yourself?Delphi Digital’s newly-announced expansion aims to do just that. The cryptocurrency investment, media, and research company is now adding a Labs department which will be focused on contributing to Venture portfolio company development. 0/ We’re happy to announce the next stage in @Delphi_Digital's evolution: Delphi Labs Our goal with Delphi Labs is simple: to become the leading contributor helping to build out the....
Surging volume, demand for flash loans and a strong rally in DeFi tokens pushed AAVE price to a new all-time high today. Aave (AAVE) price has been on an absolute tear for weeks and today the DeFi-token rallied to a new all-time high at $288.90. The decentralized finance protocol is one of the most popular in the market and the recent rally in the DeFi sector is one of the driving forces behind AAVE’s rally. AAVE/USDT 4-hour chart. Source: TradingViewAt the start of 2021, AAVE price was trading at $83 and the recent rally appears to have bolstered the protocol’s surging total value locked,....
On January 6, Terra Research announced a proposal to expand the network’s stablecoin asset terrausd (UST) across a number of different protocols on Polygon, Ethereum, and Solana. Terra’s governance blog post discusses how the proposal to leverage $139 million of UST can bolster “awesome use-cases” in the world of decentralized finance (defi).
Terra Research Proposes to Expand Terrausd’s Reach Across 5 Protocols
At the time of writing, Terra’s terrausd (UST) stablecoin is the fourth-largest U.S. dollar-pegged token among all the....