Tagged: aave

Fintech Platform YouHodler Adds More Digital Tokens with Protection Against Potential Losses on Trading

YouHodler, a Fintech platform that assists consumers with accessing the benefits of the crypto economy, has reportedly added support for Polkadot (DOT), Tezos (XTZ), TRON (TRX) and Aave (AAVE) tokens. YouHolder also noted in a release shared with Crowdfund Insider that they’ve established a 100%… Read More

Ethereum based DeFi Protocols Unite to Offer Decentralized Finance Services to Smartphone Users Globally

A consortium of Ethereum-based decentralized finance (DeFi) protocols and initiatives have  announced DeFi for the People, a collaboration of international crypto-focused organizations united by a shared goal: bringing DeFi to the 6 billion mobile phone users across the globe. Developed on Celo, the project includes… Read More

Anchorage Digital Bank Now Allowing Institutions to Participate in Aave Governance via On-Chain Voting

Anchorage Digital, which aims to advance institutional participation in the digital assets space, reveals that institutions are now able to take part in Aave (AAVE) governance via on-chain voting offered by Anchorage digital bank. Aave is an open-source and non-custodial protocol for generating interest on… Read More

SEBA Bank Adds Aave, Chainlink Support

SEBA Bank, a FINMA-licensed Swiss Bank, this week added support for Aave (AAVE) and Chainlink (LINK) tokens. The two coins’ combined market cap is north of $12 billion.  With this integration, institutions can now actively manage these DeFi tokens across SEBA Bank’s full suite service offering,… Read More

Blockchain Analysis Firm Chainalysis Adds Six DeFi focused Cryptocurrency Tokens

Blockchain analysis firm Chainalysis has added advanced investigation and compliance support for six more widely-used ERC-20 tokens. All six crypto tokens are decentralized finance or DeFi related and five of them “specifically belong to top DeFi protocols,” the blockchain firm noted in a recent update…. Read More

Global Fintech Circle, which will Go Public, Explains how DeFi Lending Is Similar to Traditional Lending Processes

The team at global Fintech Circle, which will go public in a $4.5 billion SPAC deal, notes that the promise of decentralized finance (DeFi) is to transform or fundamentally improve financial services by offering greater transparency, security, and community governance by leveraging blockchain or distributed… Read More

Algorand, Cardano, Bitcoin Among This Week’s Movers in Crypto/Blockchain World

Decision-makers in the United States are warming to cryptocurrency for a variety of reasons, including self-interest, GlobalBlock sales trader Alexandra Clark said recently. Senator Cynthia Lummis has encouraged people to buy and hold bitcoin in their portfolios as the billions of dollars in stimulus cannot… Read More

Ethereum Gas Prices Decrease Significantly, Active ETH Addresses Now Also Less than Active BTC Addresses: Report

Nate Maddrey and the other researchers at Coin Metrics note that Ethereum (ETH) gas prices have dropped down to their lowest levels since March, of last year. Although a few months back, average gas price consistently reached 150-200 GWEI, the average gas price has now… Read More

Stablecoins Surpass $111B in Aggregate Value, Now Making up 7.7% of Total Digital Assets Market: Report

Spencer Noon, an investor in Variant, a first-check cryptocurrency venture capital fund, has released their latest Network report, which covers stablecoins and Instadapp. Spencer Noon notes in their weekly update that The Graph recently launched 43 RFPs for different ecosystem initiatives. You may submit an… Read More

DeFi Coins AAVE and Yearn.Finance or YFI 8% APY Interest Accounts being Offered by Blockchain.com

The team at Blockchain.com, a leading crypto wallet, block explorer, and trading platform provider, recently revealed that they’re now supporting AAVE and YFI (yearn.finance) Interest Accounts at “a current annual interest rate of 8%.” In September of last year, Blockchain.com had announced support for AAVE… Read More

Wirex Announces Listing of DeFi Coins AAVE, LINK, MKR, UNI, & YFI

  Digital payments platform Wirex announced on Wednesday it has listed five new DeFi coins, which are AAVE, LINK, MKR, UNI, and YFI. According to Wirex, the addition of the coins will build on the 9 cryptos and 9 traditional currencies that the platform currently offers. … Read More

Ethereum Not Just a Digital Currency, It’s a Financial Ecosystem Generating $29.3M in Fees Every 24Hrs, 8x More than BTC: Report

James Wang, an experienced crypto analyst who says that Ethereum (ETH) could be the “last investment of your life,” points out that the world’s largest smart contract platform isn’t merely a cryptocurrency. Wang explains that Ethereum is a complete software platform with a rapidly increasing… Read More

Binance May Add Stock Tokens Coinbase (COIN), after Tesla (TSLA), Also Reports Record-Breaking BNB Token Burn

Leading crypto exchange Binance notes in its weekly report that it completed a record-breaking Binance Coin (BNB) token burn. The weekly report (April 10 – 16, 2021) from Binance reveals that the digital assets firm burned “a record $593 million in BNB.” The digital currency… Read More

Flash Loans Worth $2B Processed via Leading DeFi Platform Aave (AAVE) in 2020, Potential for More Growth but Major Risks Involved

Aave (AAVE), an open-source and non-custodial protocol to earn interest on deposits and borrow assets, handled $2 billion in flash loans in 2020. Aave is basically a borrowing and lending platform that supports flash loans, which are “rapidly executed loans borrowed that are paid back… Read More

Garrick Hileman from Blockchain.com Explains how Robinhood Failure was Near “Perfect Advertisement” for DeFi

  Garrick Hileman, Head of Research at Blockchain.com and visiting fellow at the London School of Economics, says that the future “doesn’t look like Robinhood.” Hileman writes in a blog post that “disgust over GameStop’s trading shutdown” will most likely accelerate the adoption of decentralized… Read More

Aave Ltd, which Received E-Money Authorization from UK’s FCA, Reveals that Depositors Earned Major Returns for USDC, USDT, Dai Stablecoin

Isa Kivlighan from Aave (AAVE), an open-source and non-custodial decentralized finance (DeFi) protocol for earning interest on digital asset deposits while also being able to borrow assets, states that 2020 was an “incredible year” for DeFi, as the sector grew dramatically from a little over… Read More

Digital Asset Exchange Coinbase Adds DeFi Tokens Aave, Bancor (BNT), Synthetix (SNX)

Digital asset exchange Coinbase has announced that it has added Aave (AAVE), Bancor (BNT) and Synthetix Network Token (SNX). All three cryptocurrencies are available for trading on the US-based trading platform. The Coinbase team noted that beginning today (December 16, 2020), the exchange will support… Read More

Blockchain Dev Ernesto Boado from Aave Confirms DeFi Protocol Launches Version 2.0, Now Seeking Community Feedback for Governance

The developers of Aave, an open-source and non-custodial decentralized finance (DeFi) protocol for earning interest on digital asset deposits while also being able to borrow assets, recently noted that as part of the platform’s focus on security and transparency, the Aave Genesis team will be… Read More

Chainlink (LINK) Reveals its Platform has Enabled 77 Different Smart Contract Use Cases

Chainlink (LINK), a “decentralized” Oracle network that securely connects various blockchain-based smart contracts with data from “the real world,” recently revealed that its platform has enabled 77 different smart contract use cases. LINK tokens are currently trading for around $13.70 and they have a market… Read More

DeFi Tokens Aave and YFI Continue to Rally as Institutional Investors back Decentralized Finance Intiatives: Report

Analysts are still quite bullish on decentralized finance (DeFi) as increased capital flows indicate that the market is “primed to move higher,” according to a report from OKCoin. Following Bitcoin’s (BTC) ascent to around $18,700, major DeFi tokens have continued to surge as well. OKCoin’s… Read More

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