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Tag: Aave

Aave Cuts Token Incentives – Can Borrowing Activity Keep Up?

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Aave, a cornerstone of Decentralized Finance (DeFi), has made a strategic shift that’s raising eyebrows across the crypto community. The platform, known for its robust lending and borrowing services, recently announced a significant reduction in its AAVE token rewards for lenders. This decision comes at a surprising time, as Aave is simultaneously experiencing a surge in borrowing activity. Let’s unpack this intriguing development...

Aave, Cryptocurrencies, DeFi, News

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Crypto Market Update: December 7th, 2023

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Crypto Market Today: Mixed Signals The total global cryptocurrency market capitalization fell 1.2% to $1.66 trillion in the past 24 hours, suggesting a slight pullback after recent gains. However, the market has seen a significant increase since December 1st, with the total value of crypto surging by $180 billion, or 12%, led by Bitcoin. Recent News Affecting the Market: Big Wall Street banks like JPMorgan Chase and Goldman Sachs are...

$SUSHI, Aave, Bitcoin, Crypto market, Cryptocurrencies, Ethereum

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Aave - sDAI pool

sDAI Pool on Aave

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Aave v3 Adds sDAI Pool Aave v3, the leading decentralized lending protocol, has announced the launch of a new pool for sDAI, a token that represents DAI stablecoins deposited in MakerDAO’s DAI Savings Rate (DSR) module. The pool allows users to use sDAI as collateral and earn interest on their deposits. Aave’s Marc Zeller noted that sDAI’s yields enable delta-neutral lending on the protocol. MakerDAO Boosts and Cuts DSR Yields The news...

$DAI, Aave, MakerDAO, Yield farming

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Crypto Market Update: Bitcoin at Crossroads Amid Macro Conditions

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Bitcoin is holding its $30K line in the sand as it kicks off a new week. However, it’s not a day at the beach for investors. There’s agitation over the prospects of an even tighter money supply after sixteen months of risk-doubting rate hikes. All eyes turn to the June Consumer Price Index (CPI) report, which drops on Wednesday. Economists expect a 3.1% increase in prices for the 12-month period ending at the end of June. That’d...

Aave, Bitcoin, Compound, Crypto market, Cryptocurrencies, Ethereum

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