According to the ARFC proposal, the Aave community has voted to pass the "12-month cooperation agreement renewal between Gauntlet and Aave", with a final support rate of 66.07%.

On December 1st, according to the Snapshot governance page, the Aave community voted in favor of the proposal to "add EURC to Avalanche Aave V3". EURC is a euro stablecoin issued by Circle.

According to on-chain analyst @ai_9684xtpa, a certain ETH whale spent another 2 million USDC to buy 953 ETH two hours ago, with a purchase cost of $2,097. Since September 19th, the whale has accumulated 38,993 ETH, worth $81.93 million. In addition, they received 160 WBTC (approximately $6.11 million) from a CoboCustody address to repay an Aave loan.

Odaily Star Planet Daily News DeFi engineer TokenBrice took over the GHO liquidity committee this month, tasked with restoring the US dollar peg of Aave stablecoin GHO. TokenBrice's strategy focuses on incentivizing targeted purchases of GHO in a very targeted way.

Aave community initiated the ARFC proposal vote for "12-month partnership agreement renewal between Gauntlet and Aave", which will end on December 2. DeFi risk manager Gauntlet launched the proposal to continue market risk management, aiming to maximize capital efficiency and reduce bankruptcy and liquidation risk, thereby achieving long-term sustainable development. In December last year, Gauntlet renewed its partnership with Aave, which will continue until December 28, 2023. The features provided by Gauntlet will cover Aave V2, AaveV3, GHO (new), and Insolvency Refund; the annual fee is $1.6 million, of which 50% will be paid in GHO and the remaining 50% will be paid in aUSDT.

AaveV3 has added support for FXS and crvUSD as collateral for borrowing. The FXS borrowing limit is 800,000 tokens with a maximum LTV of 35%. The crvUSD borrowing limit is 60 million tokens.

Aave community member EzR3aL initiated a temperature check proposal on the governance forum to add native USDC to the Aave V3 Base market. Currently, the Aave V3 Base market only supports the bridged version of USDC called "USDbC". As of November 23, the supply of USDC on Base was 159 million, while the supply of the bridged version was approximately 74 million. Coinbase supports both assets and converts USDbC to USDC when users withdraw from Coinbase, causing the supply of USDbC to decrease over time.

Market shows that AAVE has broken through $100 and is now trading at $100.04, with a daily increase of 16.12%. The market is volatile, so please be prepared for risk control.

Aave integration lead Marc Zeller proposed a new ARFC proposal on the Aave forum, suggesting to increase the GHO borrowing rate from 4.72% annual interest rate to 5.22% to support the restoration of GHO anchoring and keep borrowing costs consistent with market rates.

ACI (Aave Chan Initiative) has proposed a new proposal in the Aave community, suggesting to increase the GHO borrowing rate from 4.72% annual rate to 5.22% to support the recovery of GHO anchoring and keep borrowing costs consistent with market rates. The proposal also authorizes ACI to continue to increase up to 100 basis points every 7 days (if necessary), and if the monthly average price of GHO exceeds the price range of 0.995-1.005, it can be increased by up to 9.5%.