According to data monitored by Lookonchain, czsamsunsb.eth recently borrowed 100 WBTC (approximately $3.4 million) through Aave and exchanged it for 1526 ETH, and withdrew 2374 ETH (approximately $4.2 million) from Binance 2 hours ago. czsamsunsb.eth has deposited a total of 44280 stETH (approximately $79 million) and 16313 ETH (approximately $29 million) on Aave, Compound, and Spark. A total of 200 WBTC (approximately $6.9 million), 8.7 million USDC, and 8.5 million DAI have been borrowed.

Chaos Labs has initiated a new proposal in the Aave community, suggesting an increase in the supply and borrowing limit of Aave V3.

Aave community has initiated a temperature check vote on the "GHO Stability and Anchoring Community Plan". Gauntlet hopes to help formalize community discussions around strengthening the GHO connection and organizing its core components through actionable projects. The proposal outlines the current behavior of GHO coin issuers and their relationship with the GHO market price; potential methods to stimulate GHO demand, and other suggestions for the liquidity plan discussed by the community; views on how to arrange key GHO updates for maximum impact. The next step is for community members to provide feedback on this analysis.

Chaos Labs has launched a new proposal in the Aave community, suggesting a re-collaboration with Aave DAO to provide a full range of risk management products and services covering all Aave, including V2, V3, and GHO, as well as all current and future deployments. Chaos Labs stated that their strategy aims to protect protocol assets from market fluctuations, black swan events, liquidity attacks, and market manipulation.

Aave's front-end has recently added a switch token function for flash swaps. Aave founder Stani stated that this feature is achieved through integration with the Paraswap trading aggregation protocol, and no front-end fees will be charged. Positive slippage revenue will flow to the Aave DAO.

According to data monitored by Spot On Chain, about 20 minutes ago, an address starting with 0x355 accumulated 28,619 AAVE (worth $2.51 million) from Binance at a price of $87.86. This address is very bullish on AAVE and has accumulated 152,964 AAVE (worth $12.9 million, average price: $84.37) from Binance in the past 12 hours. The current holding is 236,779 AAVE ($20.88 million), making this address the 11th largest holder of AAVE.

October 24th, based on on-chain data analysis by Yu Jin, within the past hour, a whale address withdrew 61,764 AAVE (approximately $5.43 million USD) from Binance, becoming the largest individual/institutional AAVE address (excluding contract, CEX, and project addresses). The address currently holds a total of 236,779 AAVE (approximately $20.82 million USD) with an average price of $74.5 USD per coin.

As monitored by Whale Alert, a certain whale address withdrew 91,200 AAVE (worth approximately 7.6 million US dollars) from Binance half an hour ago. Currently, this address holds a total of 175,014 AAVE, making it the second largest individual/institutional address of AAVE (excluding contract, CEX, and project addresses). This whale had withdrawn AAVE once before in early January this year, with an average withdrawal price of 70 US dollars.

Aave community proposed to introduce user aTOKEN as a voting mechanism Userocracy at the official governance forum. The protocol states that the current problem with Aave DAO is that Aave token holders have all ownership and voting rights, while protocol users have no voting rights. This is a kind of financial oligarchy, where early Aave owners and holders continuously increase their voting rights. Users are the most valuable asset of the protocol. Aave users have no voting rights, and their capital is at risk in the protocol. It is proposed to modify the DAO, where: - 50% of the voting rights belong to Aave token holders - 50% of the voting rights belong to users, such as aTOKEN holders (including debt and collateral).

On October 20th, Aave loan agreement now supports directly exchanging tokens (Switch Tokens) on the website.