A Whale bought 5,091 $AAVE at $66.67
June 26 (Cointime) -A whale borrowed 339,448 <a href="https://twitter.com/search?q=%24USDC&src=cashtag_click">$USDC</a> from <a href="https://twitter.com/hashtag/Aave?src=hashtag_click">#Aave</a> 1 hour ago, bought 5,091 <a href="https://twitter.com/search?q=%24AAVE&src=cashtag_click">$AAVE</a> at $66.67, and deposited to <a href="https://twitter.com/hashtag/Aave?src=hashtag_click">#Aave</a>. The whale has bought a total of 35,672 <a href="https://twitter.com/search?q=%24AAVE&src=cashtag_click">$AAVE</a> ($2.64M) since Apr 6, the average buying price is $73.92.
Concerns Raised Over CRV Deposits on AAVE Being Used for Collateralization
June 23 (Cointime) - The amount of CRV being used as collateral on Aave has been growing rapidly, raising concerns about potential risks. This surge in lending and borrowing positions was caused by Curve Finance raising its debt ceiling through a proposal that was passed on June 8th.
Aave Community Rejects Gauntlet Proposal to Address Risk from Michael Egorov's Substantial Loan
June 19 (Cointime) - The Aave community unanimously rejected a proposal from DeFi risk management project Gauntlet to freeze CRV tokens on Aave v2 and reduce the loan-to-value ratio for CRV to zero.
Curve DAO's CRV Token Drops 12% Due to Risky Loans by Founder on Aave, Faces Liquidation Threat
June 16 (Cointime) - Curve DAO's governance token, CRV, saw a 12% decline on June 15 following reports of its founder, Michael Egorov, taking risky loans on Aave. Egorov deposited 431 million CRV, which accounts for over 50% of the token's circulating supply, across various decentralized lending protocols and borrowed $101.5 million in stablecoins. According to DeFiLlama data,
Wallet Linked to Curve Founder Repays $1.3M to Aave Amid CRV Token Decline
June 15 (Cointime) - The founder of Curve Finance, Michael Egorov, has sent $1.3 million worth of tether (USDT) from his wallet, which is linked to a large debt taken from Aave. This partial payback eases the risks associated with the loan, which has drawn attention from some members of the Crypto Twitter community. Egorov's wallet currently holds over 288.7 million Curve DAO (CRV) tokens, valued at $167 million, and has around 60.7 million USDT borrowed against it. The open position has a health rate of 1.55, but will be automatically liquidated if it drops below 1.00.
DeFi Risk Management Project Advises Aave to Freeze Curve DAO Tokens Linked to Michael Egorov's Loan Position
June 15 (Cointime) - Gauntlet, a DeFi risk management project, has advised Aave's governance body to freeze Curve DAO Tokens associated with a loan position linked to Curve Finance founder Michael Egorov. Gauntlet is a contributor to Aave and focuses on strengthening the platform's security.
Founder of dForce: The Founder of Curve Mortgages a Large Amount of CRV and Borrows Stable Coins, Which Is Extremely Risky
Mindao, the founder of dForce, said in a post, “The founder of Curve has deposited more than 33CRV coins in Aave and borrowed 71 million stable coins. This is a great risk to Curve’s ecology and Aave. The risk is intensifying. AaveV2 has no deposit limit, which makes it impossible to control the collateral exposure. The only thing that can be done is to increase the cost of USDT borrowing. Mortgaging your own currency for leverage seems to be a reluctance to sell, but it is actually a kind of tempting short.
A Giant Whale Deposited 25,000 stETH Into Aave, Lent 35 Million USDT and Transferred It to Binance
Lookonchain monitoring data shows that in the past 24 hours, anonymous giant whales deposited 25,000 stETH (about 43 million U.S. dollars) into Aave, and then lent 35 million USDT and transferred them to Binance.
Lens Protocol Raises $15M To Create Decentralized Social Networking Ecosystem
Lens Protocol, a decentralized social networking ecosystem, has raised $15 million in funding from investors including IDEO CoLab Ventures, General Catalyst, Varian, and Blockchain Capital, as well as angel investors such as Uniswap CEO Hayden Adams and OpenSea co-founder Alex Atallah. The protocol is being developed by Aave, a web3 technology firm that allows users to lend and borrow crypto tokens.
ETH Whale Holder Lends 40 million USDT via Compound and Aave
According to Lookonchain news, ETH Whale pledged 16,100 ETH (about $30 million) and 16,500 ETH (about $31 million) at Compound and Aave respectively, and then lent 20 million USDT each, for a total of 40 million USDT to be topped up to the address beginning with 0x3356. Among them, 10 million USDT was withdrawn to the Cryptocurrency exchange.
