Ethereum DeFi’s Aave (LEND) Gains 5% Amid Crucial Technical Change
Leading decentralized finance (DeFi) coin LEND, the native token of the Aave protocol, is up 5% in the past 24 hours. Its performance comes as the prices of both Bitcoin and Ethereum have stagnated. LEND’s outperformance seems to stem from a crucial technical change to the Aave protocol and the cryptocurrency itself. This technical change […]
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Demand for LEND has surged dramatically over the last week as the token undergoes a rebranding. Aave, the non-custodial “DeFi” protocol, earlier launched its Aave Improvement Proposal (AIP1) to allow community consent over the migration from its governance token LEND to its rebranded avatar AAVE. In retrospect, the switchover attempted to take people’s opinions on the […]
The transformation of Aave’s native asset LEND into a new symbol, titled “AAVE,” has begun with a 25 percent price surge. In retrospect, the team behind Aave announced two weeks ago that it would transfer its ownership of the lending protocol to a “genesis governance” built following a community vote. The ayes came in favor […]
Aave’s LEND token, along with its new token AAVE, has dropped heavily in the past 24 hours despite stagnation in the Bitcoin and Etheruem price. The coin currently trades down 15% over the past day, underperforming BTC’s mild -0.5% performance. The cryptocurrency’s drop comes in spite of Aave having fundamentals that are stronger than ever. […]
Decentralized finance (DeFi) tokens, including Chainlink (LINK), Yearn.finance (YFI), and Aave (LEND) strongly recovered after a prolonged slump. At its monthly low, YFI declined by nearly 64% in the past 11 days. Similarly, DeFi giants like Chainlink declined by 45% at the monthly low since mid-September. But following Bitcoin’s lead, Chainlink, YFI, and LEND are […]
Top Ethereum-based altcoins are plunging as the price of Bitcoin fails to react positively to the $11,000 resistance. BTC is down 4% in the past 24 hours while Ethereum has shed 8%. Most top altcoins on Ethereum, such as Yearn.finance and Aave’s LEND, are down over 20% in the past 24 hours. This move was not unexpected, especially as there are some fundamental trends set to supress DeFi in the medium term. Top Ethereum-Based Coins […]