Aave

Aave ($AAVE) is a decentralized money market that runs on the Ethereum blockchain. It’s most notable for its loan system, which allows users to earn interest on deposits and borrow assets with an interest rate. The interest rate is determined algorithmically. Originally named ETHLend in 2017, it was renamed to Aave in 2018. With the rebrand, it also updated its money market function: previously with ETHLend, borrowers and lenders were individually matched. Aave utilizes a liquidity pool system, where crypto loan assets are pooled together. Users must post collateral before borrowing but can only borrow up the value of said collateral. One benefit of Aave is that a user can gain exposure to different cryptos without having to actually own all of them.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

The Daily: Aave governance dispute intensifies, South Korea proposes mandatory crypto influencer disclosures and more

A governance dispute within the Aave ecosystem intensified this week after Aave Chan Initiative (ACI) founder Marc Zeller published what he called an “audit” of Aave Labs' track record, seven hours after Aave Labs released its own contributions report ahead of a major funding vote.

Drama and Competing Reports Set Stage for High-Stakes Aave DAO Decision

ACI founder Marc Zeller published a sweeping "audit" of Aave Labs' past performance and funding ahead of a key DAO vote.

Aave governance dispute intensifies as ACI founder publishes ‘audit' of Aave Labs ahead of $51M funding vote

Marc Zeller makes the case for AAVE token holder rights amid the governance clash with Aave Labs over revenue and transparency.

Aave's $50 million funding controversy with ACI Founder Marc Zeller

Uniswap (UNI) joined Aave (AAVE) as an underperformer, declining 0.5% from Friday.

CoinDesk 20 performance update: AAVE drops 1.7% as index trades lower over weekend

Uniswap (UNI) joined Aave (AAVE) as a top performers, gaining 0.5% from Friday.

CoinDesk 20 performance update: AAVE gains 1.7% while index trades lower over weekend

After climbing the previous week on the heels of Grayscale's S-1 filing, the decentralized finance ( DeFi) token linked to the lending protocol Aave slipped 7% against the greenback, giving back a portion of those earlier gains.

BGD Labs Announces Offboarding Plan From Aave Protocol

The Daily: Ripple CEO sees 90% chance of crypto bill passing by end of April, BGD Labs to stop contributing to Aave, and more

Bitcoin Cash (BCH), down 2.1% from Thursday, was also among the underperformers.

CoinDesk 20 performance update: AAVE falls 3.3%, leading index lower

BGD Labs said it will cease contributions to Aave after April 1, ending a four-year role as a core protocol contributor.

BGD Labs to cease Aave contributions after four years as governance tensions grow

Grayscale Investments has filed with the U.S. Securities and Exchange Commission (SEC) to convert its existing Grayscale Aave Trust into a spot exchange-traded fund (ETF) that would directly hold AAVE tokens. Grayscale Joins Race for Aave ETF With Direct Token Strategy According to the filing, submitted Feb.

Grayscale Submits S-1 to Turn Aave Trust Into Exchange-Traded Fund

Crypto asset manager Grayscale is looking to convert its closed-ended AAVE trust into an exchange-traded fund.

Grayscale files to convert AAVE token trust into ETF to list on NYSE Arca

Aave Labs has proposed redirecting 100% of product revenue to the Aave DAO and moving its intellectual property to a new foundation, while requesting substantial funding in return, sparking fresh debate over control of the DeFi giant.

Aave Labs Proposes Moving Revenue to DAO Amid $50 Million Funding Plan

Marc Zeller, ACI founder and prominent DAO advocate, argues Aave Labs' proposal is an attempt to cash out framed as a benevolent act.

Aave Labs proposes sending 100% of protocol revenue to DAO in exchange for funding

The proposal arrives amid discord within the Aave community over control of the protocol's brand and key assets.

Aave labs proposes ‘Aave Will Win' plan to send 100% of product revenue to DAO

A loan backed by approximately 2.3% of the total AAVE supply is slowly being liquidated on Thursday amid a major crypto market pullback.

Loan backed by 2.3% of AAVE supply hit by cascading liquidations as token slides

Aave Labs is winding down its Avara branding, folding its consumer-facing experiments back into the core Aave stack as the Family wallet sunsets and the Lens social protocol continues under new stewardship.

Aave Labs Pulls Plug on Avara Branding, Keeps Family Infrastructure

The move comes amid ongoing tensions with Aave DAO over which entity ultimately controls the Aave lending protocol.

Aave Labs sunsets Avara ‘umbrella brand' and Family wallet as it refocuses on DeFi

Aave founder Stani Kulechov has purchased a £22 million mansion in the pricy residential area of London's Notting Hill, per Bloomberg.

Aave founder buys $30 million mansion in London's Notting Hill amid luxury market slowdown: report

Avalanche (AVAX) was also a top performer, rising 1.6% from Tuesday.

CoinDesk 20 Performance Update: AAVE Gains 2.9%, Leading Index Higher

Aave founder Stani Kulechov says Aave Labs may share non-protocol revenue with AAVE token holders amid governance debate.

Aave Labs moves to ease governance tensions with non-protocol revenue sharing

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Bitwise Asset Management just filed registration statements with the U.S. Securities and Exchange Commission for 11 new cryptocurrency strategy exchange-traded funds (ETFs). The filings would trade on NYSE Arca if approved, expanding regulated access to major altcoins.

Crypto Giant Bitwise Files for ZCash, Aave, Sui and Eight Additional Altcoin ETFs With SEC

Bitwise is moving to list 11 single-asset crypto strategy ETFs on NYSE Arca, expanding U.S. market exposure to major protocol tokens as regulatory filings signal a broader push into diversified digital-asset products. NYSE Arca Listing Planned as Bitwise Registers 11 New Crypto ETFs Asset management firm Bitwise filed a post-effective amendment with the U.S.

Bitwise Files 11 Single-Token Crypto ETFs With SEC, Signaling Strong Altcoin Demand

The exchange-traded funds will invest both directly and indirectly in the tokens.

Bitwise files for 11 'strategy' ETFs, tracking tokens including AAVE, ZEC, TAO

Bitwise filed applications for 11 new crypto strategy ETFs, which would both directly and indirectly invest in crypto.

News for Aave Crypto (AAVE)