Aave proposes governance changes after failed $60M short attack

On Nov. 23, one day after Mango Markets exploiter Avraham Eisenberg attempted to use a series of sophisticated short sales to exploit decentralized finance protocol Aave, project contributors have put forth a series of proposals to deal with the aftermath. As told by protocol engineering developer Llama and financial modeling platform Gauntlet  both of whom … Read more

Aave Price Back To $57, But Threat Of New Attack Looms Over It

The Ethereum-based decentralized finance (DeFi) protocol Aave suffered an attack led by Avraham Eisenberg. The controversial individual was behind a sophisticated run against Mango Markets. The run has been called an attack by some and a clever strategy by others.  Aave (AAVE) trades at $57 with a 7% and 36% loss in the last 24 … Read more

Mango Markets hacker allegedly feigns Curve short attack to exploit Aave

As described by analysts at Lookonchain on Nov. 22, tokens of decentralized exchange Curve Finance (CRV) appear to have suffered a major short-seller attack. According to Lookonchain, ponzishorter.eth, an address associated with Mango Markets exploiter Avraham Eisenberg, first swapped 40 million USD Coin (USDC) on Nov. 13 into decentralized finance protocol Aave to borrow CRV … Read more

How Aave Helped JP Morgan Complete Its First DeFi Transaction

Legacy financial institutions are embracing crypto and decentralized finance (DeFi), and the Ethereum-based protocol Aave is proof. Today, the team behind the protocol announced that banking giant JP Morgan Chase completed its first DeFi transaction. 5/5 @jpmorgan transacting on a public blockchain using Aave smart contracts is a huge milestone for DeFi, and represents a … Read more

Robinhood adds Aave, Tezos trading for its crypto users (NASDAQ:HOOD)

Justin Sullivan/Getty Images News Despite depressed cryptocurrency prices from the start of 2022, Robinhood Markets (NASDAQ:HOOD) has enabled its users to buy and sell Aave (AAVE-USD) and Tezos (XTZ-USD), both of which are down over 70% Y/Y, the retail trading app said via Twitter on Monday. Looking at intraday price action, though, Aave (AAVE-USD) rose … Read more

AAVE Price Poised For A Big Rebound With $94 On The Crosshair

AAVE is currently in a recovery phase, successfully breaching the crucial $80 psychological resistance marker to trade at $82.52 at the time of this writing, according to tracking from Coingecko. AAVE manages to move past the crucial $80 resistance marker The altcoin could be looking at a further push all the way up to $116 … Read more

Aave (AAVE) Attracting Whales Over Past Few Months

The number of “whale” addresses in AAVE has recently increased. Whale addresses are digital currency addresses that store 1 million or more of a particular coin. AAVE is currently riding a wave of whale-like popularity. AAVE is currently riding a wave of whale-like popularity. A 55 percent of the AAVE coins are held by addresses … Read more

Aave devs look set to receive $16.3M via retroactive funding

The DAO behind the decentralized finance (DeFi) platform Aave has accepted a proposal to reward members from Aave Companies with $16.28 million in retroactive funding for their role in the development of Aave Protocol V3. Voting for the proposal began on Sept. 6, and at the time of writing has already passed 667,000 votes in … Read more