Tagged: stani kulechov

Lens Protocol Launches to Support “Decentralized” Social Networks

Aave Companies recently announced the launch of Lens Protocol, an open-source tech stack for “building decentralized social networking applications.” Lens has been launched on Polygon’s “low-cost” and “eco-friendly” blockchain . Using Lens’ open-source blockchain tech, developers can now “build Web3-powered social media apps, marketplaces, recommendation… Read More

Avalanche Announces “Avalanche Multiverse,” Includes $290 Million Incentive Program

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

Balancer Introduces Aave Boosted Pools to Enhance Liquidity Provider or LP Yields

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

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

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

Billion Dollar DeFi Protocol Aave Awarded Electronic Money Institution License by the UK’s Financial Conduct Authority

The Aave protocol, an open-source and non-custodial DeFi protocol to earn interest on digital asset deposits while also being able to borrow assets, has been awarded an Electronic Money Institution (EMI) license by the UK’s financial regulator, the Financial Conduct Authority (FCA). Aave Ltd received… Read More

Tether and Aave Protocol Report Significant Increase in USDT Demand, Due to Growing Interest in DeFi

Tether, the blockchain-powered platform that’s used to power the largest stablecoin by market cap, and Aave Protocol, an open-source and non-custodial money market protocol, have reported a significant increase in demand for Tether (USDT). They claim that the surge in demand for USDT may be… Read More

Tether Teams Up with Aave Protocol to Promote Wider Adoption of USDT, World’s Largest Stablecoin

Tether Ltd., a blockchain-powered platform that powers USDT, the world’s largest stablecoin by market cap, and Aave Protocol, an open-source and non-custodial protocol, are working cooperatively in order to promote the wider adoption of USDT in the evolving decentralized finance (DeFi) industry. USDT is used… Read More

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