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Aave price, market cap on Coin360 heatmap

Aave(AAVE)

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$63.566
(-3.82%)
0.00374540 BTC
Market Cap (Rank#51)
$895,848,497
52,785 BTC
Vol 24h
$21,728,621
1,280 BTC
Circulating Supply
14,093,192.58
Max Supply
16,000,000
19h agocoindesk
Aave’s Social Media Protocol Lens Acquires NFT Mobile Game Sonar
With the acquisition, Lens Protocol will be integrated into a game app which claims to have 20,000 active users per month.
1 day agocointelegraph
Bitcoin price consolidation could give way to gains in TON, APE, TWT and AAVE
If Bitcoin rises above its overhead resistance, TON, APE, TWT and AAVE could begin to tack on outsized gains.
6 days agocoindesk
DeFi Lender Compound Tightens Borrowing Limits After Aave Exploit Attempt
A botched exploit attempt on rival lending protocol Aave brought scrutiny to DeFi protocols’ borrow risks earlier in this month.
7 days agocoindesk
Aave Supporters Say Lending Freeze Will Help Transition the Network
Community members voted Monday to freeze 17 assets in the Ethereum liquidity pool in order to lower risk within the protocol ahead of upgrading the network to its v3 version.
7 days agocryptopotato
Aave Freezes Multiple Lending Markets Citing Volatility Concerns
Aave is freezing markets with low liquidity and high volatility, to protect against future market manipulation attacks.
7 days agocointelegraph
Compound Finance to impose lending caps in light of failed Aave exploit
Some illiquid altcoins will have their borrow limit reduced by upwards of 99%.
7 days agocointelegraph
Aave temporarily freezes lending markets to fend off further attacks
The temporarily frozen lending markets include twelve Ethereum-based tokens and five stablecoins.
11 days agocryptodaily
Fantom (FTM) And Aave (AAVE) are No Longer Desirable As High Potential Flasko (FLSK)
If you intend to invest in the crypto industry, it is beneficial to understand which cryptocurrency offers the highest dividends. Some people could believe that Fantom (FTM) or Aave (AAVE) is the best choice, but this may not imply that it will always yield profitable results. Crypto fans are searching for fresh avenues for profit because the bear market has driven practically all coins under. Additionally, early investment in alternative ventures is a wise move. Fantom (FTM) Has A 6% Drop In Seven Days Using its unique consensus mechanism, the smart contract platform Fantom (FTM) offers users decentralized financial (DeFi) applications. Fantom (FTM), which claims to have decreased transfer times to below two seconds, intends to address issues with smart-contract platforms using its coin Fantom (FTM). After several agreements were announced and investors raised the price of Fantom (FTM) to $3.49, the company saw its most extraordinary sales and profits. Since that time, the price has fallen to and stayed at around $0.2. Fantom (FTM) had a 6% drop over the previous week. The current price of the coin is $0.1791. Aave (AAVE) Investors Remain Bearish Aave (AAVE) coins govern the protocol. Recent changes, services, resources, and policy variables can be proposed, voted on, and approved. Additionally, the Aave (AAVE) platform burns tokens based on the charges the system collects. More and more Aave (AAVE) holders are jumping ship to join the Flasko presale. Analysts are pessimistic about Aave (AAVE), claiming it would inevitably lose momentum in the erratic cryptocurrency industry. And with the fact that the price of Aave (AAVE) has plummeted nearly 32% over 30 days, we can't say that we disagree. Flasko (FLSK) To Dominate The Crypto Market In 2023 Investors may buy fractional NFTs fully supported by premium and exotic wines, whiskeys, and champagne using Flasko, a ground-breaking platform. Due to its unique utility, investors believe Flasko has far greater potential than Fantom (FTM) and Aave (AAVE). Flasko is a trustworthy long-term investment since it will freeze its liquidity for the next 33 years, plus Flasko passed a Solid Proof audit with high marks. Flasko has developed into an alternative investment project with distinctive values that will be a top-tier cryptocurrency. At this time, investors are lining up to participate in the Flasko presale, which is now available for only $0.085. VIP customers are eligible for various benefits and prizes, such as two trips to France's Champagne region and exclusive NFTs. According to coin analysts, the price of Flasko could increase to around $3.50 in mid-2023. This makes it the perfect time to invest in Flasko, a profitable business with huge potential and significant economic advantages. Website: https://flasko.io Presale: https://presale.flasko.io Telegram: https://t.me/flaskoio Twitter: https://twitter.com/flasko_io Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
12 days agocointelegraph
Aave proposes governance changes after failed $60M short attack
The exploit failed due to a miscalculation of Aave's liquidity levels.
12 days agocryptodaily
Mango Markets Hacker’s Plan To Short CRV Backfires
A crypto trader responsible for the Mango Markets exploit has seen his short position liquidated, thanks to a series of wild price swings in the CRV price. The trader, identified as Avraham Eisenberg, gained notoriety when he described the Mango Markets hack as a “very profitable trading strategy.” A War On Curve On-chain watchers noticed on Tuesday that Eisenberg had borrowed 88 million CRV tokens from lending protocol Aave and sold them in the market over the past week. The pressure generated by this event saw the price of CRV drop to $0.40, enabling him to borrow further CRV from Aave’s Curve pool. Market watchers speculated that Eisenberg was targeting Michael Egorov, Curve founder, with his short-selling strategy. Egorov holds several loans on Aave, backed by CRV as collateral, and a liquidation price set at $0.25. If the CRV price reached this level, it would trigger Aave’s liquidation contract, selling Egorov’s CRV to the market and pushing the price even lower. Other Whales Step In Other whales caught wind of Eisenberg’s attack on Curve and Egorov and began opening long positions to increase the CRV price and shore up the token’s value. Andrew Kang, a member of PleasrDAO, tweeted, “First, he came for Mango, and I did not speak out. Now, he tries to hunt the loan of one of the godfathers of DeFi, and that’s when the foot is put down to defend.” As a result of these long positions, Curve’s price gradually increased. Short Position Liquidated With the CRV price increasing as a result of the long positions opened by other whales, CRV eventually hit Eisenberg’s liquidation level, which was set at just above $0.60. When the price hit this point, Aave’s liquidation mechanism began liquidating the USDC, which he had put up as collateral to buy back the CRV tokens from the market and pay off the debt. However, the liquidation was cut short as others who had gone long began taking profits at this level. At the time of writing, Eisenberg’s position had started liquidating again, with the CRV price at $0.61. A Loss for Eisenberg? Many marked this episode as a loss for Eisenberg. However, others remained skeptical, speculating that he was attempting to put the market in a false sense of security before revealing his plan. Others have speculated that he could be maintaining a larger off-chain position on CRV and intended for his Aave loan to be liquidated all along. Some market watchers maintain that Eisenberg is just biding his time before taking another crack at the $0.25 liquidation price. A more controversial theory is that Egorov and Eisenberg planned the entire thing to generate interest in the Curve protocol. This is due to the timing of Egorov publishing the code for Curve’s upcoming stablecoin on GitHub earlier in the day. The Mango Markets Hack Eisenberg was revealed to be the one who engineered the Mango Markets hack, using price manipulation strategies to drain the Solana-based protocol of $100 million. He then cut a deal with the Mango Market’s team and returned half of the stolen funds to cover user losses. He called the exploit a “highly profitable trading strategy,” prompting a furious backlash from the DeFi community, who criticized his actions and their negative implications for the ecosystem. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
12 days agocryptodaily
Mango Markets Hacker’s Plan To Short CRV Backfires
A crypto trader responsible for the Mango Markets exploit has seen his short position liquidated, thanks to a series of wild price swings in the CRV price. The trader, identified as Avraham Eisenberg, gained notoriety when he described the Mango Markets hack as a “very profitable trading strategy.” A War On Curve On-chain watchers noticed on Tuesday that Eisenberg had borrowed 88 million CRV tokens from lending protocol Aave and sold them in the market over the past week. The pressure generated by this event saw the price of CRV drop to $0.40, enabling him to borrow further CRV from Aave’s Curve pool. Market watchers speculated that Eisenberg was targeting Michael Egorov, Curve founder, with his short-selling strategy. Egorov holds several loans on Aave, backed by CRV as collateral, and a liquidation price set at $0.25. If the CRV price reached this level, it would trigger Aave’s liquidation contract, selling Egorov’s CRV to the market and pushing the price even lower. Other Whales Step In Other whales caught wind of Eisenberg’s attack on Curve and Egorov and began opening long positions to increase the CRV price and shore up the token’s value. Andrew Kang, a member of PleasrDAO, tweeted, “First, he came for Mango, and I did not speak out. Now, he tries to hunt the loan of one of the godfathers of DeFi, and that’s when the foot is put down to defend.” As a result of these long positions, Curve’s price gradually increased. Short Position Liquidated With the CRV price increasing as a result of the long positions opened by other whales, CRV eventually hit Eisenberg’s liquidation level, which was set at just above $0.60. When the price hit this point, Aave’s liquidation mechanism began liquidating the USDC, which he had put up as collateral to buy back the CRV tokens from the market and pay off the debt. However, the liquidation was cut short as others who had gone long began taking profits at this level. At the time of writing, Eisenberg’s position had started liquidating again, with the CRV price at $0.61. A Loss for Eisenberg? Many marked this episode as a loss for Eisenberg. However, others remained skeptical, speculating that he was attempting to put the market in a false sense of security before revealing his plan. Others have speculated that he could be maintaining a larger off-chain position on CRV and intended for his Aave loan to be liquidated all along. Some market watchers maintain that Eisenberg is just biding his time before taking another crack at the $0.25 liquidation price. A more controversial theory is that Egorov and Eisenberg planned the entire thing to generate interest in the Curve protocol. This is due to the timing of Egorov publishing the code for Curve’s upcoming stablecoin on GitHub earlier in the day. The Mango Markets Hack Eisenberg was revealed to be the one who engineered the Mango Markets hack, using price manipulation strategies to drain the Solana-based protocol of $100 million. He then cut a deal with the Mango Market’s team and returned half of the stolen funds to cover user losses. He called the exploit a “highly profitable trading strategy,” prompting a furious backlash from the DeFi community, who criticized his actions and their negative implications for the ecosystem. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
12 days agocryptodaily
Flasko (FLSK) Will Eclipse The Sandbox (SAND) and Aave (AAVE) In 2023
Coins like Aave (AAVE) and The Sandbox (SAND) have provided excellent opportunities and have influenced the crypto world since their debut. However, the 2022 bull run caused mayhem, as virtually all coins had a 90% decline. It takes a lot of effort to find solid and secure enterprises that can yield investors significant rewards. Nevertheless, Flasko has attracted the attention of cryptocurrency enthusiasts for a good cause. Let's find out the reason behind the excitement! The Sandbox (SAND) Still Lacks Adoption The Sandbox (SAND), a play-to-earn game set in the simulated Metaverse, combines blockchain, DeFi, and NFTs. Users can create and edit games and other digital material in its virtual setting using open-source design tools. The made virtual goods may subsequently be turned into NFTs for commercial use and traded on The Sandbox Marketplace for The Sandbox (SAND) coins. The Sandbox (SAND) struggled throughout the bear market as it dropped 93% from its top of $8.44 to its current price of $0.5866. Investors of The Sandbox (SAND) were concerned about the coin's future due to the price decline. Future price increases for The Sandbox (SAND) are possible. However, investing in projects that would increase your chances of making tremendous profits would be wiser. Aave (AAVE) Falls Down Aave (AAVE) is a decentralized smart contract platform built on the Ethereum blockchain. The loaning and borrowing coins allow individuals to establish money markets and collect income. The Aave (AAVE) ecosystem consists of the Aave (AAVE) protocol, Aave (AAVE) investors, liquidity providers, associates with Ethereum and DeFi wallets, developers, and Aave-contributing apps. The local currency, AAVE, powers this variety of commodities. The price of Aave (AAVE) has fluctuated recently. Aave (AAVE) had hit a high of $255, but it is now trading at $59.27. Flasko (FLSK) Will Bring Investors Significant Profit Flasko is the ideal response to investors' needs for a specific cryptocurrency project with valuable functions. This new platform sells fractionalized NFTs. But Flasko sets itself apart from rivals by supporting these NFTs with luxury champagne, rare whiskey, and unique wines that are kept in secure places worldwide! In the booming wine, whiskey, and champagne industries, investors often enjoy a 28% annual investment return. Flasko aspires to provide the first alternative investment platform combining NFTs and this industry. Furthermore, Flasko will work with start-ups specializing in premium beverages to provide clients with early access and discounted prices for all products. With a current presales price of just $0.085, investors in Flasko may purchase the coin at a discount and make big profits by 2023. Early investment in new enterprises assures a more significant surge. Flasko has a lot of room for growth and could one day rank among the top cryptocurrencies. You wish to benefit from the presale's attention by shopping now! Website: https://flasko.io Presale: https://presale.flasko.io Telegram: https://t.me/flaskoio Twitter: https://twitter.com/flasko_io Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
13 days agocoindesk
Mango Exploiter's Funds Get Liquidated After Roiling Aave Using $20M of Borrowed Curve Tokens
A trader identified as Avraham Eisenberg, who became infamous for his “very profitable trading strategy” of exploiting $114 million from Mango Markets, borrowed tens of millions of Curve DAO tokens and sent them to an exchange – but his position appears to have gotten liquidated.
13 days agocointelegraph
Mango Markets hacker allegedly feigns Curve short attack to exploit Aave
It appears that shorting of CRV tokens was a distraction shot to exploit a sophisticated loophole on DeFi platform Aave.
14 days agocryptodaily
FTX Hacker Dumps ETH On Markets, Price Plummets
Users affected by the FTX collapse now have another major problem to deal with, as it emerged the hacker responsible for the subsequent hack has begun manipulating the price of ETH. As a result of the hacker dumping ETH on the market, the price of the asset fell by over 7% in just a few hours. Hacker Moving Funds The hacker behind the attack on the FTX exchange has started offloading millions of dollars worth of ETH, resulting in a dramatic drop in the price of the cryptocurrency. The hacker had gotten away with nearly $300 million worth of crypto and, at the time of writing, was the 35th largest holder of ETH in the world. Chainalysis broke the news of the stolen funds being on the move again and urged exchanges to be alert in case the hacker tried to cash out. “Funds stolen from FTX are on the move, and exchanges should be on high alert to freeze them if the hacker attempts to cash out.” On Sunday, the hacker moved 50,000 ETH, worth over $59 million, to a new address. The receiving address swapped the ETH for renBTC, a type of BTC that can run on the Ethereum blockchain. After this, the address made separate transfers totaling around $59 million, according to data from Etherscan. According to on-chain researcher ZachXBT, the hacker is using the Ren Bridge to move the renBTC to the Bitcoin blockchain. This is the latest development stemming from the fallout of the FTX exchange that has gripped the cryptocurrency markets. ETH Plummets With the hacker dumping ETH on the market, the cryptocurrency price dropped by nearly 3% in the past 24 hours. On the other hand, Bitcoin was down only by 0.6%. Currently, the price of ETH is down by 3.09%, with the asset trading at $1099. According to available data, the hacker still possesses around 200,735 ETH, worth nearly $236 million at current prices. The hacker’s wallet was first identified by crypto sleuth ZachXBT on the 11th of November. FTX Issues Statement FTX issued a statement urging cryptocurrency exchanges to be on high alert and secure any funds they can, which can be traced back to the hacker. Any funds recovered could be used in the bankruptcy proceedings. FTX tweeted, “Exchanges should be aware that certain funds transferred from FTX Global and related debtors without authorization on 11/11/22 are being transferred to them through intermediate wallets. Exchanges should take all measures to secure these funds to be returned to the bankruptcy estate.” The trades in question came after the hacker sold a host of crypto assets, such as the DAI stablecoin, Synthetix’s SNX, Aave’s AAVE, LINK, and several other assets for ETH on the CowSwap exchange. The largest of these trades was a $48 million swap of DAI for ETH. The Securities and Exchange Commission of the Bahamas also issued a statement on the 12th of November, stating that it was facilitating the withdrawal of Bahamian funds. This led to significant speculation that the flow of funds from FTX on the 11th of November was the handiwork of the Securities and Exchange Commission of the Bahamas. However, this was refuted by ZachXBT, who tweeted, “The first clue that 0x59 was a blackhat and neither Bahamian officials nor FTX team was when 0x59 began selling tokens for ETH, DAI, and BNB and using a variety of bridges so crypto couldn’t be frozen on 11/12.” Ethereum Users Appeal For Help Some Ethereum users have started sending coded messages to the hacker, asking for a share of the stolen funds. One user appealed to the hacker, stating they had lost a significant sum due to the FTX collapse, asking the hacker to reimburse them. The user in question sent multiple small transactions to the hacker’s address in an attempt to catch their attention. Several other Ethereum users tried the same trick to get the hacker’s attention. Whether they were successful or not remains to be seen. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
17 days agocryptodaily
Flasko (FLSK) Presale Has Garnered The Attention Of Monero (XMR) And Aave (AAVE) Investors
Those who purchased famous crypto coins at the peak of the bull run now have huge losses as 2022 is about to end. Parabolic cryptocurrencies like Monero (XMR) And Aave (AAVE), for example, will need billions of dollars in additional cash from new investors to approach their all-time highs. Investors have begun to lose hope in Monero (XMR) And Aave (AAVE) and are shifting their funds to presale crypto platforms like Flasko. Monero (XMR) is having a rough time Most blockchains do not include a cryptocurrency like Monero (XMR), which focuses on privacy and anonymity. Because of its one-of-a-kind value in facilitating private, almost untraceable transactions, Monero (XMR) has gained significant traction. However, like many cryptocurrencies, Monero (XMR) has lost a lot of value since reaching ATH levels of $542, at one point seeing lows under $100 per Monero (XMR) coin and being stuck in a bear cycle for nearly six months. One Monero (XMR) coin is around 73% less than its all-time high. Rather than speculating on an improbable recovery for Monero (XMR), investors would be better off putting their money into other protocols. Aave (AAVE)'s Rise and Fall (AAVE) The average annual variable expense Aave (AAVE) continued to rise at the start of 2021, breaking the $100 mark within the first few days of the year and skyrocketing to $506 on February 5. This trend gained steam as more and more people started using Aave (AAVE)'s loan platform. There was an unexpected influx of positive coverage of its procedure in the media. News of Aave (AAVE)'s antics rang in the new year. The Aave (AAVE) currency severely declined between January and March 2022. As of November 11th, Aave (AAVE) has dropped to $68.03, its lowest price in over a year. Flasko (FLSK) Making Its Mark In The Crypto Market Flasko has risen to prominence among crypto fans thanks to its novel and upcoming NFT platform. Flasko will facilitate the buying, selling, and trading of rare bottles of champagne, wine, and whiskey as fractionalized NFTs. Flasko's investors will be able to take part in a trillion-dollar industry with a history of minimum loss risk by acquiring fractionalized NFTs backed by actual assets of profitable liquor. Flasko has been successfully audited by Solid Proof, and liquidity is locked for 33 years, with the team not allowed to sell their tokens for the next two years, making Flasko an incredibly safe platform to invest in. Purchase now when the price of one Flasko token is only $0.085, as experts predict Flasko token will increase by 4,500% by early 2023. This could provide one of the best opportunities for investors to make significant gains this year. Website:https://flasko.io Presale:https://presale.flasko.io Telegram: https://t.me/flaskoio Twitter:https://twitter.com/flasko_io Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
19 days agocryptodaily
How to use CEX trading features on a non-custodial wallet?
How smart contract wallets like Ambire open-up web3 and DeFi without compromising security. With the recent collapse of FTX and BlockFi, as well as other centralized entities like Celsius and 3AC earlier this year, the crypto community seems even more committed to enabling self-custody to everyone and educating the public on its benefits. There are already many public accounts of how the FTX/Alameda scandal and financial predicament came to be, and the ensuing debate has already pointed towards why it happened and how self-custody mitigates such risks. As the DeFi space is doubling-down on efforts to "convert" more and more people to self-custody, we see questions such as: ‘How to use DeFi like a CEX?’ or ‘What are the DeFi alternatives to FTX?’ and ‘How to switch from FTX to a non-custodial wallet?’ raised by the concerned public. In this article we explore how a self-custodial smart wallet can be used instead of centralized exchanges (like Binance, FTX, Crypto.com, Huobi, Kraken, KuCoin etc. ) without sacrificing features. DeFi and Web3 safely, from a smart wallet dashboard Smart contract wallets are at the moment in the spotlight, as many claim them to be both the safest way to crypto security (assets are protected by code and bound to the algorithm of the contract) and the tools to create processes and organizations for a future decentralized society. Smart wallet accounts are in fact smart contracts deployed directly on the blockchain, making them immutable. And the account keys — i.e. the custody of the account— are permanently held by the account user, while the danger of losing seed phrases (common in EOAs like MetaMask or hardware wallets) is abstracted away using sophisticated and hybrid forms of protection such as multisig and social recovery. Our weapon of choice for the day is Ambire, an open-source self-custodial smart contract wallet that focuses on security and UX, while also delivering easy web3 and DeFi engagement. Designed for the EVM space, their recent ‘Own Your Money’ campaign captures the crypto ethos as we’re moving forward from the FTX scandal. Although comparable results can be achieved with other smart contract wallets like Argent or [Gnosis] Safe, Ambire distinguishes itself through its easy on-boarding and overall UX, offering features like email & password sign-up, informative UI or its curated dApp catalog . Registering a self-custodial account with email only One unique feature to Ambire Wallet is that users can securely use email/password to register, so they don't make any UX compromises compared to a CEX; this approach also excludes the need to manage a seed phrase. Pro tip: Use a Trezor or Ledger hardware wallet with Ambire for additional security Another advantage when opening a self-custodial account with smart contract wallets is that users don't need to pass a KYC ("Know your customer") procedure. In Ambire’s case, the sign-up process takes less than 30 seconds, similar to web2 platforms: Buying crypto Users don't need to own crypto to start using smart contract wallets: just like on any centralized exchange, they can top up their account through different methods, such as: Bank wire Credit card Debit card With Ambire Wallet, top-ups are available in EUR, USD, CAD and more currencies, and are supported through 3rd party on- and off-ramp partners. Spot Trading - How to trade with smart contract wallets Users can trade-spot on decentralized exchanges (DEXes) instead of centralized ones (CEXes): funds always remain in their custody, while activity is recorded on-chain and protected against fraud by smart contracts. For a simple market order, users can navigate to the Ambire Wallet Swap tab and choose between thousands of tokens to exchange: How to execute a limit order with smart contract wallets? To execute limit orders on DEXes with smart wallets, users can simply go to the desired platform and connect their wallet through its WalletConnet feature —below the 1inch protocol DEX connected to Ambire Wallet: Pro tip: Users can even engage in P2P trading on 1inch with Ambire Wallet How to trade perpetuals with smart contract wallets? Crypto-savvy users also engage with perpetuals on DeFi, and that’s also possible with smart contract wallets. Similar to the limit order procedure, users need to navigate to the desired trading platform and connect using the WalletConnect feature. With Ambire Wallet, users can use GMX and long or short tokens on the Arbitrum network with up to 30x leverage. Alternatively, they can also try Mycelium or dydx. How to stake ETH with smart contract wallets? CEXes usually offer exposure to staking in DeFi protocols at the cost of staking fees. A preferable alternative for users is to directly connect to staking protocols. With Ambire Wallet, users you can engage in ETH "liquid staking" via Lido Finance Engaging DeFi protocols with Ambire Wallet Ambire offers a curated web3 dApp Catalog, available straight from the user dashboard on the twelve L1 and L2 supported networks. The dApps vary from exchanges to vaults to DEX aggregators, voting and signing solutions or 3D virtual worlds (e.g. Decentraland) and are integrated after security and compatibility validation by the wallet’s team. The dApp Catalog features ParaSwap, CowSwap, Hop Protocol, Sudoswap, AAVE, Balancer, DeFi Saver, Stakewise and many others. How to withdraw crypto to FIAT Some smart contract wallets also have cash-out solutions for crypto. Ambire Wallet allows users to withdraw funds just like any centralized exchange, with the rassuring exception that it cannot freeze user assets. Cashing out is done via 3rd party off-ramp solution Guardarian, with fees starting from 2% (depending on geography and applicable legislation) and limits of up to 15k EUR/monthly. Available currencies include EUR, USD, GBP. Could Smart Contract Wallets be the future? Even though less known than MetaMask or Crypto.com, smart contract wallets are now being recognized as a superior technology from a security standpoint. At the same time, it is clear these types of wallets have already developed tools, features and capabilities able to deliver what users need: apart from guaranteed security, a way to engage, organize processes and social interaction, trade and earn on web3. With so much to be offered to a public in need of security and stability, it remains to be seen if smart contract wallets can become the dominant technology of the decade. Disclaimer As with any type of trading or financial enterprise, users are encouraged to do their own research (DYOR). This article does not constitute financial advice. Using DeFi protocols instead of trading on CEXes comes with inherent risks, although none of them connected to smart contract wallets: Protocol risks Protocol hacks Understanding how protocols work Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
19 days agocointelegraph
zkSync developer Matter Labs raises $200M, commits to open-sourcing platform
Over 150 projects, including Chainlink, Uniswap and Aave, have signaled their intent to deploy on the layer-2 blockchain.
21 day agocryptodaily
VRJAM AND POLYGON PARTNER TO BUILD VR-BASED ARENA IN THE METAVERSE
London, United Kingdom, 14th November, 2022, ChainwireAward-winning, live metaverse entertainment platform VRJAM has announced their partnership with Polygon, the Ethereum scaling blockchain protocol supporting Web3 technology for millions of users, to create “Planet Polygon'' alongside VRJAM’s Open Beta platform launch from November 2nd. The metaverse-based virtual project is being launched in conjunction with VRJAM’s native cryptocurrency, VRJAM Coin, which will officially launch November 30th. Planet Polygon is an immersive live events space within VRJAM’s platform, where Polygon’s creative team will work together with VRJAM to define the next step in the evolution of esports and virtual live events. With Polygon’s expertise in blockchain solutions and VRJAM’s advanced virtual world-building in the metaverse, the two will create a state-of-the-art live events and esports arena for gaming fans around the world to share unforgettable experiences. Within Planet Polygon and other VRJAM destinations, users can utilize VRJAM Coin, VRJAM’s native cryptocurrency, to buy and sell products and services, offering new ways for creators and brands to monetise content and live events. As retail trade increases on the VRJAM platform through the sale of digital items, tickets, merch and other products, the volume of trade in VRJAM Coin equally increases, stabilizing its value simultaneously. Follow VRJAM’s Twitter HERE for updates on when this land will be available. VRJAM is a revolutionary real-time platform for virtual events and immersive content creation. By utilizing cutting edge Web3 and immersive technologies, VRJAM offers users next-generation solutions for live performances in the multiverse. VRJAM empowers creators, platform owners, and brands to design and realize interactive, immersive experiences that not only leave their audiences awestruck by their beauty but inspired and eager for more. VRJAM is PC-based, and for the optimal virtual experience, it is Meta Quest 2 compatible offering life like experiences of live events in fully immersive VR. Key features of the platform include: A persistent ‘always on’ virtual world with an array of live events A platform for the creation and rendering of revolutionary new types of digital products and NFT’s A space for direct to fan engagement and the creation of ‘fan experience’ events Powered by VRJAM’s native in-game cryptocurrency 'VRJAM Coin’ A digital solution to empower live events venues including Planet Polygon to exist in the multiverse A platform for the distribution and monetization of avatars, NFTs and recorded content from global brands and premium content creators including gamers and e-sports players. “Polygon Planet will define a new threshold of user experience for metaverse live events and open up the world of Web3 gaming in a way that is totally unique in the metaverse vertical. We’re honored to be working with our friends at Polygon Studios to bring the remarkable solution to the world” - Sam Speaight, CEO - VRJAM Over 60 metaverse projects, including Sandbox, Decentraland, Somnium Space, and others, have already chosen to build on Polygon as an open, accessible, high-speed, and sustainable framework to develop their virtual worlds. Brain Trunzo, Metaverse Lead for Polygon, said: "Polygon Planet is an ambitious VR-based metaverse project that we hope will inspire creators worldwide. Allowing real-time, immersive content and experiences will provide a new way for creators to engage directly with fans, delivering a fantastic user experience." MEDIA CONTACT FOR ALL VRJAM PRESS INQUIRIES: Miller PR (323) 761-7220 [email protected] MEDIA CONTACT FOR ALL POLYGON PRESS INQUIRIES: Annu Shekhawat [email protected] ABOUT VRJAM VRJAM is an award winning real-time platform powered by XR technology for virtual events and immersive content creation. Their software solution empowers creators and brands to offer fans inspiring immersive experiences that redefine fan engagement within the Web3 environment. Over the last 3 years the platform has empowered some of the world’s leading content creators, celebrities, artists and culture brands to redefine fan experience in digital space. These experiences are monetized using VRJAM’s native cryptocurrency, VRJAM Coin and also by way of the creation of revolutionary new types of NFT’s that are native to the virtual world of VRJAM. The live experience features of the platform combine with an elegant blockchain smart contract network and feature set to create new ways for brands and content creators to render digital content and engage with fans thereby offering new revenue streams and business models inside the metaverse. VRJAM’s community of partners, advisors and investors includes some of the leading brands in the blockchain space including Polygon, and Gate.io as well as an array of top tier consumer brands including the world’s leading game developer, Epic Games. Connect With VRJAM: Website | Instagram | Twitter | Discord About Polygon Polygon is the leading blockchain development platform, offering scalable, affordable, secure and sustainable blockchains for Web3. Its growing suite of products offers developers easy access to major scaling solutions including L2 (ZK Rollups and Optimistic Rollups), sidechains, hybrid, stand-alone and enterprise chains, and data availability. Polygon’s scaling solutions have seen widespread adoption with unique user addresses exceeding 174.9M. The network is home for some of the biggest Web3 projects such as Aave, Uniswap, OpenSea and well-known enterprises including Stripe and Adobe. Polygon is carbon neutral with the goal of leading the Web3 ecosystem in becoming carbon negative. If you're an Ethereum Developer, you're already a Polygon developer! Leverage Polygon’s fast and secure txns for your dApp, get started here. Website | Twitter | Developer Twitter | Studios Twitter | Telegram | LinkedIn | Reddit | Discord | Instagram | FacebookContactMarketing LeadAshley [email protected]+310627165641
340 days agobitcoinexchangeguide
StarkWare Proposes to Deploy Aave on its ZK-Rollup L2 StarkNet
A new proposal has been submitted to Aave’s governance forum that calls for deploying the DeFi lending protocol to StarkNet, StarkWare’s permissionless and decentralized ZK-Rollup. Yael Doweck, product manager at StarkWare, submitted the proposal to onboard the protocol on behalf of StarkNet creator, much like MakerDAO has on its L2. “With the success of the […] The post StarkWare Proposes to Deploy Aave on its ZK-Rollup L2 StarkNet first appeared on BitcoinExchangeGuide.

About Aave

The live price of Aave (AAVE) today is 63.566 USD, and with the current circulating supply of Aave at 14,093,192.58 AAVE, its market capitalization stands at 895,848,497 USD. In the last 24 hours AAVE price has moved -0.0511 USD or -0.00% while 27,143,194 USD worth of AAVE has been traded on various exchanges. The current valuation of AAVE puts it at #51 in cryptocurrency rankings based on market capitalization.

Learn more about the Aave blockchain network and how it works or follow the price of its native cryptocurrency AAVE and the broader market with our unique COIN360 cryptocurrency heatmap.

Aave is a non-custodial liquidity pool-based DeFi (Decentralized Finance) protocol that allows people to easily borrow and lend crypto assets, without any middleman. While lenders/depositors provide liquidity to Aave's pool, thereby earning passive income, borrowers can borrow crypto assets against collateral, avoiding the need to sell their assets for liquidity. As it’s completely open-source, anyone can interact with Aave through smart contracts, APIs or a user interface client.

Launched initially by Stani Kulechov in 2017 as ETHLend on the Ethereum blockchain, Aave Protocol came as a rebrand with new features in January 2020, aiming to deliver a broader range of services. Currently, Aave Protocol is deployed on multiple blockchains including Ethereum, Polygon, Avalanche, Harmony and Optimism. 

As per Kulechov, Aave’s primary market consists of people who are already actively involved in the crypto community. Aave features among the top five protocols in terms of TVL, and a couple of Aave’s standout features are ‘Flash Loans’ that allow users to take crypto loans without pledging any collateral, and ‘Rate Switching’ which enables borrowers to easily switch between floating and fixed interest rates.

AAVE price

AAVE price stayed under $100 for most of 2020 and closed the year at a value of $88.5. Boosted by the crypto-wide positive market sentiment, AAVE coin broke out of $100 resistance on Jan. 4, 2021, for the first time ever. It maintained an upward trend thereafter and breached multiple resistance levels to reach $581 on Feb. 10, 2021. 

After that surge, the price of AAVE fluctuated within the range of $350 to $450 till May 2021, and registered an all-time high of $668 on May 18, amid 2021’s first major crypto bull run. This happened a month after Aave Protocol launched on the Polygon network. AAVE’s fully diluted valuation stood at $10+ billion at that price point. However, it couldn’t sustain the $600+ price for long and went into a corrective phase, receding to $170 around a month after posting its ATH. 

Backed by Aave Protocol’s continuous expansion and adoption efforts, AAVE coin made a comeback and returned to $400+ territory once again by mid-Aug 2021. By the end of the year, AAVE was trading in the vicinity of $250. It fell further and stayed within the price range of $100 - $250 during Q1, 2022. According to our AAVE live price chart, having tested $100 support multiple times, AAVE price eventually gave into the selling pressure and fell below $100 in Q2 2022.

How AAVE works

Aave Protocol works by bringing crypto borrowers and lenders on the same platform, to enable smooth lending and borrowing of funds, thus doing away with the need for any trusted middleman. Lenders deposit their crypto assets into a liquidity pool contract, to provide liquidity. They receive ‘aTokens’ in return which are pegged at a 1:1 ratio to the deposited tokens/coins. The pooled funds can be simultaneously loaned-out to borrowers, in the same contract, in exchange for collateral. There’s no need for individual matching of loans, as the entire process happens through pooled funds. Users can borrow and lend over 30 different cryptocurrencies, including DAI and ETH. 

AAVE, the native token of Aave Protocol, was created based on Ethereum’s ERC-20 token standard. It serves as a governance token that allows the Aave community to collectively decide the protocol’s future roadmap. AAVE holders can also deposit/stake their tokens into the protocol and earn rewards for their contribution to its security.

Aave Protocol is audited by some of the world’s leading security firms like Trail of Bits, Sigma Prime, Open Zeppelin, Certora, Peckshield and ABDK, thus ensuring the safety of the users’ funds.

AAVE news, updates and highlights

Aave has been making continuous improvements to its protocol ever since its launch. These developments have helped it make headlines more often than any of its competitors. In an important Aave news, in February 2022 the protocol successfully passed a cross-chain governance proposal, thus taking a major step toward blockchain interoperability, and multi-chain governance systems.

Aave also announced a new project called Lens Protocol the same month. It helps developers in building innovative social networking dApps (Decentralized Applications) on the Polygon blockchain.

Thereafter, in March 2022, Aave launched its version 3, called the v3 upgrade, thus making a significant improvement to its earlier liquidity pools model. Aave v3 came with the promise of bolstered security, greater decentralization, improved user-interface and efficiency.

Frequently asked questions about AAVE

  • Can I stake my AAVE tokens?

Yes, you can stake your AAVE tokens to earn more AAVE as staking rewards.

  • What are some of the best AAVE wallets?

Some of the wallets recommended on Aave’s official website are Ledger, Trust Wallet, Coinbase Wallet, Gnosis, Frame and Argent.

  • What can you do with AAVE tokens?

You can use your AAVE tokens to vote on Aave Improvement Proposals (AIPs) and help shape the protocol’s future. AAVE tokens can also be staked for earning rewards.

  • How can you buy AAVE cryptocurrency?

The recommended way to buy AAVE is from reputed crypto exchanges, with fiat currency, or in exchange for popular crypto coins like BTC, USDT and ETH

Aave Price63.566 USD
Market Rank#51
Market Cap895,848,497 USD
24h Volume21,728,621 USD
Circulating Supply14,093,192.58 AAVE
Max Supply16,000,000 AAVE
Yesterday's Market Cap906,060,350 USD
Yesterday's Open / Close64.3417 USD / 64.2906 USD
Yesterday's High / Low67.0983 USD / 64.0716 USD
Yesterday's Change
0.00% ( 0.0511 USD )
Yesterday's Volume27,143,194 USD
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