Category: aave

Total Value Locked in DeFi Smart Contracts Stays Above $60B Despite Ongoing Market Dump

Amid the ongoing dip in the broader cryptocurrency market, the decentralized finance (DeFi) ecosystem is wielding a major resilience as the combined Total Value Locked (TVL) on major smart contracts stays above the $60 billion all-time high (ATH) level.  According to data from DeFiPulse, a decentralized finance market aggregator, the TVL in dollar terms have […]

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Aave Exploring Polygon’s Layer 2 System to Provide Scalability and Cheaper Transactions

Aave, the third-largest non-custodial lending protocol, is taking a multi-market approach and exploring scalability solutions in a project called “New Frontiers.” Aave is now exploring Polygon (formerly known as Matic), an Ethereum layer 2 protocol that enhances scalability using an adapted version of the Plasma framework. The Polygon sidechain system will be the first to […]

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Ben Armstrong discloses his $10M portfolio in Bitcoin and altcoins

Popular YouTuber Ben Armstrong holds 30% of his portfolio in Bitcoin as the main asset, followed by Ethereum and Cardano. ETH and Aave are the worst-performing altcoins in Armstrong’s portfolio. Trader Ben Armstrong has posted a disclosure video on his YouTube channel showcasing the contents of his crypo portfolio. His biggest investment is Bitcoin, which […]

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DeFi News: AAVE AMM Market Launched With $UNI and $BAL LP Token Collateral

AAVE, the open-source defi protocol launched its Automated Market Maker (AMM) market today with the option for $UNI and $BAL LP tokens as collateral for liquidity pools. This would allow $BAL and $UNI LP token holders to provide liquidity and earn a share of swaps within a particular liquidity pool. The firm also revealed that […]

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AAVE Enables Uniswap and Balancer LP Tokens for Collateral

AAVE, one of the market’s leading lending protocols, brings further offerings to its value proposition. In a recently released announcement, the protocol revealed that they have now enabled Uniswap and Balancer LP tokens to be collateralized on the platform. AAVE currently holds over $5 billion in total value locked, according to data from DeFi Pulse, […]

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A look into keepers and liquidations

Quick Take Liquidations are essential for the successful existence of DeFi lending protocols. Liquidation volume reached the peak for all protocols except Aave last month. Currently, keepers execute many liquidations with minimal profit, which increases the incentives for bribing miners. This research piece is available to members of The Block Genesis. You can continue reading […]

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28 Charts on NFTs, DeFi, and Ethereum 2021 trends

Quick Take The fastest-growing blockchain applications focused on decentralized finance in 2020. To start 2021, NFTs have been at the center of attention DeFi overall has seen (more) linear growth rates in 2021, instead of the exponential rates we saw in the summer of 2020 MakerDAO is a standout, with $85 million in annualized stability […]

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DeFi protocol revenue has already reached a record monthly high in February

Decentralized finance (DeFi) protocols have already earned over $20 million more this month than in January, making February the biggest month ever for DeFi revenue generation. According to data compiled by The Block, in February, DeFi protocols have generated $171.5 million in DeFi revenue — a 14.4% increase compared with January’s $149.9 million. At the […]

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Monday market decline triggered second-highest amount of liquidations in DeFi space’s history

Monday morning’s market fall triggered the second-highest amount of DeFi-related liquidations in the ecosystem’s history, according to available data.  In total, out of the more than $24.1 million worth of liquidations, approximately $13.7 million came from DeFi protocol Compound. Aave saw the second-highest number in liquidations, making up about $5.4 million of the total.  The […]

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Top 5 Crypto Picks Besides Bitcoin to Look at in The Last Week of Feb

This week was very interesting in the cryptocurrency market. Many things happened. Bitcoin reached a new all-time high, but so did a lot of other cryptocurrencies. All of the top picks we wrote about last week performed very well amid the booming bull market, and today we take a look at the top 5 altcoins […]

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