Aave

Aave’s Founder Angel Invests to Grow DeFi’s Head Start on the Banks

Stani Kulechov used to think angel investing would distract him from leading his company, Aave, one of the top money markets in decentralized finance (DeFi). Attention on Aave proved to be well spent: This time last year, Aave only had a few million dollars worth of crypto in it; since then it has risen to …

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Projects weigh security risks, benefits of liquidity pool token collateral

Multiple decentralized finance (DeFi) projects are moving forward with plans to allow liquidity provider tokens as collateral for stablecoin and lending services — though experts caution that the security considerations associated with using LP tokens in this manner can be complex.  LP tokens are distributed to liquidity providers on automated market makers (AMMs) to represent …

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Multiple Tokens See Rally Amid Looming ‘Alt Season’

As prices for bitcoin and ether retreat from their recent highs, the strong performance of other cryptocurrencies indicate traders and investors may now be turning to alternative coins (altcoins) for potential high returns. Data compiled by CoinDesk Research shows that as of Jan. 11, prices for both bitcoin and ether were about 87% and 78%, …

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Top 5 cryptocurrencies to watch this week: BTC, ADA, EOS, THETA, AAVE

During an interview with Bloomberg, Grayscale CEO Michael Sonnenshein said that in addition to hedge funds, pension funds and endowments had also started investing in the Grayscale family of products. This suggests that a broad spectrum of institutions are accumulating Bitcoin (BTC). As this trend gathers speed, investment banks have also decided that they do …

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Proposal seeks to overhaul Aave’s $375 million Safety Module

In a largely celebratory community call devoted in part to commemorating lending protocol Aave’s January 8th “Aaveversary” — a full year of Aave on Ethereum mainnet — there was also a look into Aave’s possible future: a proposal from Delphi Digital seeking to fundamentally alter Aave’s Safety Module and create a new insurance product offering.  …

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The Smart Way to Talk About DeFi’s $22B

Decentralized finance (DeFi), the sector of crypto that drove all the excitement this summer, isn’t quite back to its old energy, but the lull is over. “Raw DeFi numbers are at all-time highs, and they’re not fake,” Alameda Research founder Sam Bankman-Fried told CoinDesk in an email. “But in relative terms to the rest of …

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2020’s DeFi craze: The best, worst and fishiest projects in crypto

As 2020 comes to a close, it’s a good time to reflect on the biggest crypto developments and the wild ride the sector took investors on. At the beginning of the year, Bitcoin (BTC) was hovering just above $7,000, and the top-ranked digital asset had started to gather steam as the block reward halving approached. …

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Top 5 cryptocurrencies to watch this week: BTC, ETH, XMR, XEM, AAVE

December is proving to be another blockbuster month for Bitcoin as the flow of institutional investors injecting funds into Bitcoin continues to increase. Business intelligence firm MicroStrategy announced that it had raised $650 million worth of convertible bonds at a rate of 0.75% due in 2025. The company now plans to invest the net proceeds …

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DeFi Game Aavegotchi Preps for Jan. 4 Mainnet Launch With NFT Auctions

A retro, Tamagotchi-inspired game that came to life at the end of DeFi Summer is launching in full on Jan. 4. Initially funded by an ecosystem grant from decentralized finance (DeFi) protocol Aave, Aavegotchi aims to “make DeFi fun.” In November, Aave officially announced its investment in Pixelcraft Studios, the Singapore-based company building Aavegotchi. And …

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Top 5 cryptocurrencies to watch this week: BTC, ETH, XMR, VET, AAVE

Bitcoin’s (BTC) price has been hovering near the $19,000 level for the past few days. Whenever the price consolidates near the all-time high, it is an indication of strength. However, the question troubling investors is whether Bitcoin will source enough momentum to pull above $20,000 or will it witness a sharp correction in the short …

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