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A widely followed crypto strategist thinks that rallies are in sight for the layer-1 blockchain Tron (TRX) and the decentralized finance (DeFi) lending protocol Aave (AAVE). Pseudonymous analyst Rekt Capital tells his 373,000 followers on the social media platform X that TRX ended November on a bullish note after the crypto asset closed above its […]
The post Crypto Trader Predicts Rallies for Tron and Aave, Updates Outlook on Chainlink and Polkadot appeared first on The Daily Hodl.
The total value locked (TVL) in decentralized finance (defi) is on the brink of surpassing the $50 billion threshold, standing at $48.91 billion currently. This figure marks a significant rebound from the low of $36.39 billion recorded 46 days ago, on October 18. Over this period, the TVL in defi has experienced a robust growth […]
Beginning in mid-July 2023, the stablecoin from Avara (previously known as Aave), a decentralized finance firm, consistently traded below its target $1 peg, reaching a low of $0.917 on October 24. Nonetheless, in recent weeks, the Liquidity Committee of the project undertook efforts to rectify this gap, setting a goal to elevate the stablecoin’s value […]
Borrowing rates for USDC, one of the most liquid dollar-pegged stablecoin, remain high on Aave and Compound v2, two of the world’s top decentralized protocols. According to Kaiko, a blockchain analytics platform, rates have ranged from 4% to 15% on Aave and around 13% on Compound. It should be noted that this surge is when the crypto […]
This is not the first name change the project has been through, but it will be the last.
The blockchain technology enterprise Aave Companies, recently rebranded as Avara, is still navigating challenges in stabilizing its stablecoin GHO, which is currently struggling to sustain its desired $1 peg. The project’s Liquidity Committee is actively working on strategies to strengthen the stablecoin, aiming to elevate its value above $0.985 by November 30, 2023. GHO’s Liquidity […]
Leading Decentralized Finance (DeFi) lending protocol Aave has officially rebranded to Avara as it makes a concerted effort to expand its user base across the Web3.0 ecosystem. Avara Targets Broader Web3 Userbase Avara is a Finnish word that has a couple of meanings including “extensive,” “open,” “spacious” and “inclusive.” It also has a colloquial use
Founder Stani Kulechov said the name change does not affect Aave as a lending protocol and that its latest acquisition focuses on propelling mass web3 adoption.
Web3-focused software technology company Aave Companies is rebranding to Avara, its founder Stani Kulechov told TechCrunch exclusively. The crypto parent entity best known for supporting Aave Labs, Aave Protocol, its native stablecoin GHO and decentral…
Ethereum’s blue-chip DeFi tokens are garnering significant attention in the crypto market, serving as a barometer for the broader DeFi landscape. These tokens, including Uniswap (UNI), Aave (AAVE), Maker (MKR), Curve (CRV), Synthetix (SNX), Compound (COMP), Balancer (BAL), Sushiswap (SUSHI), represent the most established and widely used DeFi protocols. As key players in the DeFi […]
The post Ethereum’s blue chip DeFi tokens poised for growth appeared first on CryptoSlate.