Aave, the decentralized finance (DeFi) platform, is currently navigating a bearish trend across its various trading timeframes, encountering losses of up to 15% in the past 30 days and struggling to sustain positive momentum over the last 24 hours. On-chain reports reveal a significant player, a giant whale, has entered the scene with a strategy to sell $AAVE for profits. This formidable entity withdrew 236,779 $AAVE ($17.62 million) from Binance at $74.42 in both January and October of 2023. Just a few hours ago, they deposited 36,779 $AAVE ($3.11 million) back into Binance. A giant whale started selling $AAVE for
The post Aave Faces Bearish Trend Amidst Whale Selling Spree appeared first on The Merkle News.
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The Aave Risk Framework Committee (ARFC) has proposed adjustments to the risk parameters of the dai (DAI) stablecoin to mitigate potential risks associated with Makerdao’s aggressive expansion of the DAI credit line. The proposal, initiated by the Aave Chan Initiative (ACI) team, suggests setting the loan-to-value (LTV) ratio for DAI to 0% across all Aave […]
On Feb. 22, 2024, the primary development group of the BNB Chain revealed that the decentralized finance (defi) money market protocol, Aave, has been successfully launched on the BNB network. Boasting a total value locked (TVL) of $8.571 billion, Aave is now active across 13 blockchains in total. Aave Goes Live on BNB Chain The […]
