Aave’s community recently approved a proposal to clear a bad debt of 2.7 million CRV. The bad debt stemmed from a failed exploit launched by Avraham Eisenberg in 2022. DeFi lending protocol Aave [AAVE] passed a governance proposal on 25 January, which sought to eliminate excess debt in the Ethereum [ETH] v2 liquidity pool’s CRV Reserve. […]

Aave to use Chainlink’s PoR to secure bridged assets on Avalanche

Aave DAO has approved a proposal to implement Chainlink’s PoR in v2 and v3 on Avalanche. Chainlink had rolled out the PoR feature following FTX ‘s collapse in November. Popular decentralized finance (DeFi) lending protocol Aave is set to integrate proof of reserve in order to secure bridged assets on Avalanche, a layer-one blockchain specializing […]

The story of AAVE V3 and its mild success you don’t know about

The arrival of AAVE V3 was anticipated across the crypto space for the barrage of improvements it introduced. But due to the ongoing bear market that followed since its launch, its growth hasn’t been up to the mark. AAVE V3 is yet to gain prominence Notably, V2 was launched in December 2020. After all the […]

Funds locked in Aave soar past $20 billion amid layer-two embrace

Aave’s TVL has soared past $20 billion, with one-third of capital coming from its deployment on layer-two, Polygon.