This AIP proposes to change the InterestRate Strategy the BUSD reserve on the Aave V2 Ethereum pool and withdraw POL aBUSD from Aave V2 Ethereum Pool.

Aave, a DeFi platform, has been struggling to generate profits and accumulating losses. However, recent data has shown that the platform is now generating positive earnings, with a notable growth of over 96% over the past year. Despite the improved profitability, the revenue and fees on the network have remained relatively stable, with only one prominent surge in fees and revenue occurring in March. Aave's Total Value Locked (TVL) has exhibited a slight but noticeable upward trend, and the AAVE token has experienced an uptrend in recent days, although its value has declined slightly since then.

Aave's governing forum is considering the implementation of its version 3 on Base, a Layer 2 blockchain supported by Coinbase. The proposal was put forward by Francis Gowen, a protocol specialist at Flipside Crypto and a delegate and contributor to Aave.

Aave's price is expected to increase over time, with predictions ranging from a minimum of $186.05 to a maximum of $3,374.63 by 2032. The current price is $64.9, with a 24-hour trading volume of $130.08M and a market cap of $932.87M. Despite a recent 1.5% decrease, analysts predict continued growth for Aave, with some forecasting a price of $500 in 2024. Aave is a decentralized lending and borrowing platform that has remained stable during market turmoil and recently launched a decentralized stablecoin called GHO.

On January 27th, 2023, the DeFi lending protocol Aave announced that its V3 version had been deployed on the Ethereum network.

The recent volatility in the crypto market has left investors disappointed in Bitcoin and Ethereum. Despite Ethereum's increased burning rates, investors remain uncertain about its future. However, DigiToads has raised over $3 million in presales and Aave has gained significant interest from investors, making both coins attractive for long-term portfolio diversification. DigiToads is a revolutionary token that aims to enrich the DeFi market by offering a user-friendly platform for players to collect, trade, and battle other users, making it a great investment opportunity. It is important to conduct your own research before investing in any cryptocurrency or project. As Bitcoin and Ethereum struggle, investors are turning to promising projects like DigiToads and Aave for long-term gains. This article was originally published on The VR Soldier and includes a sponsored press release.

Pepecoin's rally has slowed down after being listed on Binance, with the token trading at around $0.0000022 at press time. Profit-taking by early investors is likely the cause of the sharp pullback in PEPE. The volatility expectations in market leaders Bitcoin and Ether continue to dwindle despite lingering macroeconomic uncertainty. The Aave community has voted to deploy its version 3 on the Ethereum layer 2 ecosystem Metis Network, which is likely to bring more liquidity on both platforms and provide liquidity mining incentives to Aave users. Bitcoin's price has dived out of its recent triangular consolidation, which analysts predict might yield a deeper sell-off.

Currently, the combined TVL across all defi platforms stands at $49.31 billion as of May 6, 2023, with Lido Finance leading the pack by commanding a 24.82% share of $12.24 billion on Saturday.

As the decentralized finance (DeFi) ecosystem matures, new projects are emerging to challenge established players. Among these, Collateral Network (COLT) is making waves during its presale phase as it has already witnessed a surge of 40% to the current price of $0.014 in stage 2, already outperforming well-known DeFi giants such as Aave (AAVE) and PancakeSwap (CAKE). Let’s look at Collateral Network and why it’s making such an impact.

AAVE is a decentralized finance platform that allows users to borrow or lend tokens. The price has been affected by a recent downtrend, 11% in the past seven days and 1.4% in the past 24 hours at the time of writing. Furthermore, the current valuation of AAVE, $71, is far from the all-time high recorded in 2021, which was $666. Considering its bearish streak, investors are pessimistic about its chance of reaching or surpassing that price.