Aave founder Stani conducted an activity with Curve Finance's official account on social media today, showing that Aave may add support for crvUSD. According to a Github record shared by Curve Finance, Aave developers have discussed adding CrvUSD to the Aave V3 market on Ethereum for several days.

The proposal for RWA allocation between Aave Reserve and Maple Finance has entered the temperature check voting phase on the Community Governance Forum. The main outcome of the proposal will be that Aave will partner with Maple Finance to enable the Reserve to allocate to RWA strategies on the platform. The Aave Reserve will allocate to Maple's cash management pool with an initial investment of 1 million USDC, with the goal of increasing this allocation over time. As the Reserve becomes satisfied with Maple's platform, it will explore investment opportunities in other Maple RWA pools. The proposal will undergo an off-chain snapshot vote within 7-14 days and, if successful, will immediately proceed to an on-chain AIP vote.

According to the Governance Forum page, a new proposal suggests updating the GNO risk parameter of the Aave V3 Gnosis pool.

Official Governance Page shows that the Aave community has voted in favor of the proposal to "Add FXS to the Ethereum V3 Liquidity Pool." It is proposed to add the Frax Finance token FXS to the Aave V3 liquidity pool, diversify GHO's collateral assets, set the debt ceiling at $4 million, and set the maximum loan-to-value ratio (LTV) at 35%.

According to user X @ai_9684xtpa, who is monitoring it, the whale who shorted LINK on October 31 added 50,000 USDC collateral to Aave and borrowed 10,000 LINK, and then continued to short LINK in a loop by "selling LINK for stablecoins, increasing collateral, and borrowing LINK." The last sell was six hours ago. Currently, there are 50,000 LINK to be repaid, and the health factor is 1.22.

According to Spot on Chain monitoring, a whale with the beginning 0x387 withdrew 19.01 million STORJ (about $13.4 million) and 48,535 AAVE (about $4.29 million) from Binance 13 and 11 hours ago, respectively. Currently, the floating profit of the address is about $834,000.

On November 17th, the Aave community initiated a community vote to classify the "November 4th security incident as a shortfall event". The vote will end on November 20th. The proposal states that users lost funds due to assets being frozen/suspended during the above-mentioned event. Users reported two types of losses: losses caused by liquidation and losses caused by high interest rates and accrued interest. Therefore, the event meets the definition of a shortfall event. If this temperature check is approved, the next step is to activate the safety module.<br>It is reported that the role of the AAVE safety module is to protect the protocol from unexpected financial losses when a shortfall event occurs in the AAVE protocol. If a shortfall event occurs, the safety module will use up to 30% of the locked pledged assets for auction to make up for the deficit. If the amount withheld from the safety module is not sufficient to pay all debts, a temporary mechanism called Recovery Issuance will be triggered to issue more AAVE and use it together with the funds extracted from the safety module to make up for the deficit.

On November 17th, according to the Aave governance page, the Aave community initiated a proposal to add FXS to the Aave V3 liquidity pool for voting on the chain, which will end on November 20th. The proposal suggests adding Frax Finance token FXS to the Aave V3 liquidity pool and diversifying the collateral assets of GHO.

Decentralized lending protocol Aave has official announced its rebranding to Avara, a move that comes with Los Feliz Engineering buyup

Aave Companies, a software technology firm focused on Web3, is changing its name to Avara, according to founder Stani Kulechov. The company, which supports Aave Labs, Aave Protocol, and other entities, has over $8.66 billion in liquidity locked across eight networks and 15 markets. Avara has acquired Los Feliz Engineering, the team behind Ethereum-based crypto wallet Family, to help users enter the Web3 ecosystem. The rebrand and acquisition reflect Avara's desire to expand beyond DeFi and bring Web3 to all users globally with different use cases.