Aave Launches V2 in Bid to Make Borrowing Against Volatile Assets Less Risky
DeFi platform Aave has rolled out its second version, with several features that should make it more flexible and more capital efficient.
Related News
Ahead of the anticipated Ethereum merge slated between September 13 and 15, players like Aave are stocking up ETH. Some are even borrowing to increase their Ether balance. The DeFi platforms and others worry that user Ether borrowing may increase and leave the protocol prone to liquidity issues. They also worry that the increased borrowing […]
Total value locked on the decentralized borrowing and lending platform fell 16% in the past 24 hours. Annual percentage yields, or APY, on crypto borrowing and lending platform Aave have surged to record levels after capital withdrawals sent the decentralized finance, or DeFi, protocol into a liquidity crunch. At the time of writing, variable APY on borrowing stablecoin Dai via Aave has surged to 24.88%, compared to approximately 6.50% the day prior.According to cryptocurrency researcher Igor Igamberdiev, blockchain personality Justin Sun was responsible for at least billions of dollars in....
The Fantom market on Aave v3 adds just $30 each day to the DeFi protocol's treasury; developers are also concerned that the integration creates security risks. 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 that provides DeFi services and on which Aave is currently bridged. Zeller explained the rationale for removing the Fantom bridge:"After the Harmony bridge event and the recent Nomad bridge....
Aave has launched its v2 liquidity mining program, offering roughly $880,000 worth of governance token rewards to users daily until July 15. Aave has launched liquidity mining incentives for its v2 protocol, paying out governance token rewards exceeding 20% to users who borrow stablecoins. At the time of writing, users who deposit stablecoins into the protocol can earn an addition yield of between 4.78% and 13.49% on top of their regular gains in the form of staked AAVE (stkAAVE) tokens. Wrapped Bitcoin deposits are also paying an extra 4.59%, while Ether deposits are garnering 2.11% in....
The financial services company is only considering non-volatile assets as collateral in its DeFi lending solution that's under development. In a presentation made during the Singapore Fintech Festival, Annerie Vreugdenhil, chief innovation officer of ING, announced the firm is working on a trial of its decentralized finance, or DeFi, peer-to-peer lending protocol with the Netherlands Authority for the Financial Markets. Vreugdenhil said the following in regards to the development, as reported by Ledger Insights:We are looking into peer-to-peer lending in a DeFi kind of setup. But then not....