According to the Aave governance page, the Aave community has passed a proposal to migrate funds from the Aave DAO to V3 on Avalanche. The proposal suggests redeeming all Aave DAO funds on Avalanche V2, which is approximately $4.58 million, and transferring them to Aave V3 on Avalanche because V3 has higher interest rates and wAVAX rewards.

September 1st, according to 21.co analyst Tom Wan's monitoring, more than 43 million sDAI have been deposited on Aave, accounting for 5.7% of the total supply. At the same time, since AAVE launched the sDAI pool, the supply of sDAI has also increased by 5.9%.

August 29th, the Aave community's proposal regarding the cancellation of the "GHO Pause and Freeze" has been voted on and passed on the chain, replacing the pause status of GHO assets on Ethereum with a freeze status. Previously, Aave had discovered a technical issue in the integration of GHO and Aave V3 GHO pool, so GHO as an asset was temporarily paused by Aave Guardian.

Marc Zeller, the integration lead of Aave, announced on X platform (formerly Twitter) that sDAI has been added to Aave. Zeller added, "Due to the new optimized interest rate curve, the wETH rate is the lowest among current blue-chip protocols, only 2.29%." Earlier, Marc Zeller submitted an ARFC proposal on the Aave governance forum to introduce sDAI as collateral into the Aave V3 Ethereum pool. According to the proposal, Aave can provide users with dual benefits of earning DSR income and using their assets as collateral. If approved, sDAI and DAI will both serve as reserve assets for the Aave V3 Ethereum pool, with sDAI primarily used as collateral and DAI as a borrowable asset.

On August 25th, Aave community released a new informal proposal called ARFC, aimed at promoting the adoption and use of GHO. The proposal suggests replacing Aave GrantsDAO (AGD) DAI allocation with GHO allocation. Currently, AGD has around $380,000 of unclaimed DAI. This proposal aims to replace AGD's existing DAI allocation with new GHO allocation, which would enable AGD's contributors and grant recipients to receive rewards in GHO as well as any other assets held in AGD's multi-signature. Given that GHO's trading price is below $1, AaveDAO can purchase GHO on the market, which would help support its pegged price, and then use GHO to fund AGD. This proposal is expected to be implemented after the ARFC proposal to increase GHO rates and technical issues discovered in the integration of GHO with Aave V3 GHO pool are resolved.

Aave will temporarily suspend the integration of GHO in Aave. A technical issue was discovered in the integration of GHO with the Aave V3 GHO pool, and as a result, GHO as an asset has been temporarily suspended by Aave Guardians.

August 25th, encrypted intelligence platform IntoTheBlock released data showing that over 90% of altcoin holders are in a loss state, with voting results showing better performance of DeFi tokens. The mainstream DeFi tokens are Compound (COMP), 0x Protocol (ZRX), Uniswap (UNI), AAVE, and Maker (MKR).

August 24th, according to Lookonchain data monitoring, a whale bought ETH, LDO, UNI, and AAVE for about $5 million 3 hours ago. ·Bought 557 ETH (worth about $933,000); ·Bought 593,139 LDO (worth about $1 million); ·Bought 413,727 UNI (worth about $2 million); ·Bought 17,203 AAVE (worth about $1 million).

According to on-chain analyst Yu Jin's monitoring, the smartestmoney.eth address exchanged the ETH purchased since August 17th for stETH 10 hours ago, and then deposited these stETH into Aave to borrow 10 million USDT and transfer it to Binance.

According to Lookonchain monitoring, two whale addresses (luggis.eth and addresses starting with 0x1f4A5) collectively unstaked 128,433 AAVE tokens today, equivalent to approximately 7.08 million US dollars.