Aave founder Stani Kulechov denied reports that Aave would sell AAVE tokens to Kraken at a 70% discount, clarifying that such a sale would not happen. He confirmed ongoing discussions about long-term strategic partnerships involving Aave Labs' token allocation, distinct from the Aave DAO which governs the protocol and receives all protocol revenue. Kulechov highlighted that Aave generates around $134 million in annual revenue, all flowing to the DAO, and announced plans for an automated AAVE token buyback mechanism under development. Additionally, Aave is expanding its focus to tokenized real-world assets, with research from Grayscale suggesting AAVE is undervalued and could reach a fair value of up to $175 if tokenized assets grow in DeFi.
Aave has deployed its latest V4 lending protocol on the Avalanche blockchain, marking the first time this version runs outside Ethereum. This launch extends Aave's new Hub and Spoke architecture to Avalanche, where older V3 markets already exist. Whi...
Aave has deployed its V4 lending platform on the Avalanche blockchain, marking its first expansion beyond Ethereum. This upgrade introduces a Hub & Spoke framework allowing decentralized liquidity sharing with independent risk management, aimed at su...
Aave DAO has proposed an innovative mobile app that integrates fiat currency deposits, self-custody, and decentralized finance (DeFi) lending in one platform. This app allows users to convert fiat to stablecoins and earn yields without needing extern...
Monad has increased its weekly incentives to $75,000 to support liquidity for Agora's AUSD stablecoin on its blockchain. AUSD is a US dollar-backed stablecoin managed by VanEck, with reserves in cash and US Treasury bills. This move follows Monad's r...
Aave has deployed its V4 lending protocol on Avalanche, marking its first expansion outside Ethereum. This launch focuses on institutional lending backed by tokenized real-world assets, using a new Hub and Spoke architecture to enable specialized cre...
