According to Snapshot page, Aave community has voted in favor of the ARFC proposal to "increase GHO borrowing rate", with a final support rate of 83.84%. The proposal suggests raising the GHO borrowing rate from 3% to 4.72%.

According to data monitored by Lookonchain, a whale has withdrawn 274,236 AAVE tokens (worth $26.5 million) from Binance over the past two days. This makes them the 10th largest holder of AAVE and the largest individual holder of AAVE.

Spot On Chain monitoring shows that Aave founder Stani Kulechov reportedly sold 25,000 AAVE (worth $2.38 million at an average price of $95.3) in the past 7 hours for 941,000 USDC and 668 wstETH. AAVE prices have risen 26% in the past 7 days.

A new proposal from the Aave community suggests using EIP-4824 to expand Aave DAO. EIP-4824 defines a standard JSON schema for publishing basic DAO metadata on-chain. It achieves this by deploying a new smart contract to store the daoURI, and does not involve any fund transfers or changes to the Aave smart contract.

The Aave community has proposed adding sfrxETH as a reserve to the Aave V3 Ethereum market, which will bring additional diversity and liquidity to the ecosystem. In addition, introducing frxETH will become an additional source of income for Aave, which is beneficial to the entire ecosystem and will have a positive impact on asset liquidity and pegged elasticity.

On November 7th, according to an official announcement, Aave V3 has been launched on Gnosis Chain.

On November 7th, monitored by 0xScopescan, 20 minutes ago, a whale with an address starting with "0x8e74" withdrew 70,000 AAVE (6.83 million US dollars) from Binance. In the past two days, the address has withdrawn a total of 210,000 AAVE (20.53 million US dollars).

On November 7th, the Aave community voted in favor of a proposal to lower the CRV liquidation threshold for Aave V3 on Polygon, with a support rate of 99.99%. The proposal aims to reduce the CRV liquidation threshold for Aave V3 on Polygon by 15%, from 65% to 50%.

On November 7th, as monitored by Lookonchain, a whale has once again transferred 70,000 AAVE ($6.93 million) from Binance just 5 minutes ago. It is reported that this whale has withdrawn a total of 140,100 AAVE ($13.88 million) from Binance in the past 24 hours.

The market for altcoins has rebounded significantly since last weekend. The interest rate for borrowing stablecoins denominated in US dollars (such as USDC and Tether) on the Aave platform has skyrocketed to over 10%. Aave is the largest lender in the DeFi project, allowing peer-to-peer encrypted cryptocurrency transactions without intermediaries. The higher interest rate means that more traders are willing to pay to borrow stablecoins, indicating that they are increasing their cryptocurrency bets. The lending rates for DeFi and the financing rates for perpetual contract markets continue to rise, creating arbitrage opportunities for traders between the two. Spencer Hallarn, a derivatives trader at cryptocurrency investment company GSR, said: "Aave and perpetual contract rates should typically have some correlation, as you can arbitrage between the two. Overall, this indicates demand for holding cryptocurrency in the derivatives market."