On August 22nd, PANews reported that the Aave community will begin a temperature check vote on the "Aave Treasury Proposal for RWA Allocation" tonight, and it will end on August 25th. The proposal suggests that a portion of the stablecoins held by the Aave Treasury be allocated to low-risk real-world asset (RWA) investments through Centrifuge Prime.

On August 22nd, according to Lookonchain monitoring, an early holder of AAVE sold their 12,500 AAVE purchased in 2020 and 2021 (currently worth about $697,000) at a loss.The address had withdrawn 12,612 AAVE from Binance in 2020 and 2021 (valued at $2 million at the time), with an average withdrawal price of $159. Then, 16 hours ago, it was deposited back into Binance, resulting in a loss of approximately $1.3 million.

Lookonchain monitoring shows that a certain whale borrowed 400,000 USDC from Aave and 555,700 USDC from Compound, and spent 955,700 USDC to buy 153,446 LINK at an average price of $6.23.

August 18th, according to PeckShield monitoring data, the address starting with 0x47Ab has been liquidated for 106.8 WBTC (approximately $2.87 million) on AAVE.

On August 16th, according to the governance page, the Aave community will start the on-chain voting for the "Activate Aave V3 Base" proposal early tomorrow morning and it will end on August 19th. This proposal allows Aave governance to activate the Aave V3 Base pool by completing all initial settings and launching wETH, cbETH, and USDbC on Base.

On August 15th, it was announced that the Aave community will open an on-chain vote for the "Freeze CRV on Aave v2" proposal at 6:16 tomorrow, which will end on August 18th. The proposal, put forward by DeFi risk manager Gauntlet, aims to prevent the V2 market from continuing to increase CRV and increase concentration risk. 

According to Etherscan data, the issuance of Aave's native stablecoin GHO has exceeded 20 million since it was launched on the Ethereum mainnet on July 15, with a current total of 20,029,456. Previously, the issuance of GHO exceeded 10 million on August 2.

Aave token holders are currently voting on two governance proposals aimed at reducing the systemic liquidation risk caused by Curved founder Michael Egorov's large borrowing position on the lending protocol. The proposals seek to disable the borrowing of CRV, the native governance token for stablecoin exchange Curve, on Ethereum and Polygon V3, as well as reduce the liquidation threshold of CRV. <br>

Security firms are suggesting measures to prevent future loans against $158 million worth of CRV tokens on Aave, a lending and borrowing platform. Gauntlet, a risk management company, has proposed setting the CRV LTV to 0 to impede additional borrowing against existing CRV collateral. This proposal is open for voting until August 5th. The recent decrease in CRV liquidity has put the entire DeFi ecosystem under stress since Sunday, following an exploit that drove down the price of the CRV token.

The writer's opinion presented in the following information should not be taken as financial, investment, trading, or any other type of advice. AAVE's price action has fallen to a crucial demand zone, but the futures market sentiment remains bearish. Most altcoins have been exposed to bears' wrath due to the uncertainty surrounding Bitcoin.