The cryptocurrency market remains relatively calm during the weekend but AAVE makes an exception.
The Curve-Aave loan fiasco caused USDT to slip slightly from its 1:1 peg with the USD.
Yearn Finance has not provided any details regarding the extent of the exploit.
Aave may distance itself from BUSD before redemptions for the token possibly shut down next year.
Aave is freezing markets with low liquidity and high volatility, to protect against future market manipulation attacks.
The tug of war between the two camps - PoS and PoW - in Ethereum has intensified.
The Tron CEO said Aave blocked one of his wallet addresses after randomly receiving ETH dust from Tornado Cash post-sanctions.
According to both parties, the swap occurred via a smart contract that used a flat rate of 1 AAVE for…
Aave is set to move forward into the stablecoin industry that has a market capitalization of $150B.
The lending protocol’s token is up over 30% on the week following its V3 update.