Tagged: aave

February 13, 2024 @ 9:52 pm By Omar Faridi  |  

Luno, the cryptocurrency investment app, has announced that it introduced three new virtual currencies to invest in that are frequently used by decentralized finance (DeFi) traders and investors. Aave (AAVE) aims to connect lenders and borrowers in a direct manner, without requiring intermediaries or third-parties…. Read More

July 18, 2023 @ 1:45 pm By Omar Faridi  |  

The Chainlink Cross-Chain Interoperability Protocol (CCIP) has entered the Mainnet Early Access phase on the Avalanche, Ethereum, Optimism, and Polygon blockchains. DeFi protocols in derivatives and lending are “adopting CCIP, including Synthetix, which is live on CCIP mainnet, as well as Aave, with BGD Labs… Read More

May 23, 2023 @ 3:03 pm By Omar Faridi  |  

RedStone, originator of the next-generation decentralized finance oracle platform, has announced an exclusive $350,000 angel investment round led by Web3 professionals including Stani Kulechov, Sandeep Naiwal, Alex Gluchovski and Emin Gün Sirer. The support from a host of Web3 pioneers “demonstrates the pronounced need for… Read More

February 9, 2023 @ 9:27 am By JD Alois  |  

Aave, a web3 protocol company, has announced a new dollar-based stablecoin “GHO” (pronounced Go), on Ethereum’s Goerli Testnet. Pegged one to one to the US dollar, the digital asset is said to be overcollaterizled According to the company, the Aave DAO will manage the supply… Read More

July 22, 2022 @ 11:02 am By Omar Faridi  |  

Sommelier, the automated DeFi portfolio management platform, announced the launch of the first Cellar, or “community-governed,” dynamic investment strategy vehicle, on the platform. This Cellar is “active on Aave and leverages machine learning to dynamically move assets between several stablecoin lending positions.” Users need “only… Read More

July 20, 2022 @ 9:08 pm By JD Alois  |  

British Virgin Islands-based Seven Seas has announced the forthcoming launch of its non-custodial DeFi investment strategies According to a release, the Seven Seas team combines smart contract developers, data scientists, and experts from traditional finance (TradFi), and decentralized finance (DeFi), to actively manage investment portfolios… Read More

March 8, 2022 @ 10:34 am By JD Alois  |  

Avalanche has announced the Avalanche Multiverse, a project designed to support blockchain-enabled gaming, DeFi, NFTs, and more. Avalanche is a speedy blockchain alternative that solves existing problems in legacy networks like Ethereum.  Because of its superior performance it has seen solid growth. In a blog… Read More

March 4, 2022 @ 9:30 am By Tony Zerucha  |  

Socket (previously known as Movr Network) has announced a $5 million seed round, led by Framework Ventures, an investment adviser with significant experience in decentralized finance (DeFi) space, and with participation from a group including Coinbase Ventures, Lightspeed, eGirl Capital, Nascent, Geometry, and entrepreneur Mark… Read More

January 25, 2022 @ 3:14 pm By Tony Zerucha  |  

Digital currency investment firm Grayscale has updated its list of assets under consideration, and some of the new entrants are Bancor, BitTorrent, Decred, Elrond, and Oasis Network. Such assets are not currently included in a Grayscale investment product, bit could be in the future, the… Read More

December 16, 2021 @ 7:55 am By Omar Faridi  |  

Balancer Labs has announced the launch of Boosted Pools. Boosted Pools aim to “solve for decreased capital efficiency with yields on tokens deposited into Automated Market Maker Pools.” The first iteration of this product will be with Balancer’s “close collaborator, lending protocol Aave.” Fernando Martinelli,… Read More

December 8, 2021 @ 11:47 pm By Tony Zerucha  |  

New research from digital institutional investment platform VALK shows professional investors are increasingly focusing on cryptocurrency and digital assets as worries about stretched equity valuations and poor yields in the fixed income markets grow. Its study among professional investors working in eight major economies for… Read More

November 26, 2021 @ 3:07 pm By Tony Zerucha  |  

Decentralized finance (DeFi) protocol Flurry Finance, which offers cross-chain yield farming, will deploy its utility token RHO and its governance token FLURRY on the Polygon network Dec. 1. A trio of RHO tokens – rhoUSDT, rhoUSDC and rhoBUSD will also be available on the same day…. Read More

September 29, 2021 @ 9:53 am By Omar Faridi  |  

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

August 31, 2021 @ 4:07 pm By Omar Faridi  |  

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

August 22, 2021 @ 1:27 pm By Omar Faridi  |  

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

August 12, 2021 @ 10:44 pm By Tony Zerucha  |  

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

July 31, 2021 @ 2:29 pm By Omar Faridi  |  

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

July 19, 2021 @ 6:14 pm By Omar Faridi  |  

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

July 8, 2021 @ 10:20 pm By Tony Zerucha  |  

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

July 8, 2021 @ 5:28 pm By Omar Faridi  |  

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