Tag: Aave

LTC, XMR, AAVE and MKR turn bullish as Bitcoin stalls under $31K

coiner

Bitcoin (BTC) has been trading in a narrow range for the past few days, but that doesn’t take away the sheen from its stunning 84% rally in 2023. The strong recovery in Bitcoin’s price has boosted buying in several altcoins, which have risen sharply from their yearly lows. As the second half of the year begins, the central question on every investor’s mind is: Will the rally continue? CoinGlass data shows that July has seen only three negative monthly closes since 2013, with the most significant decline being 9.69% in…

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Bug in Aave v2 Polygon causes some assets to become stuck in contracts

coiner

A bug in an older version of crypto lending protocol Aave is blocking users from interacting with Wrapped Ether (WETH), Tether (USDT), Wrapped Bitcoin (WBTC) or Wrapped Matic (WMATIC) pools on Aave v2 Polygon, preventing assets from being withdrawn from them, according to a May 19 proposal that attempts to fix the bug through a patch. The proposal says that users are currently unable to “supply more of those assets, borrow, repay, or withdraw.“ Although withdrawals are currently impossible, the team stated that funds are “perfectly safe,” as the bug can…

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Aave V3 launches on Ethereum layer-2 network Metis

coiner

Decentralized liquidity protocol Aave has deployed on Ethereum (ETH) layer-2 scaling platform Metis, bringing a host of decentralized finance (DeFi) features and products to its ecosystem. Aave’s community recently voted in favor of a proposal deploying on zero-knowledge (zk) proof EVM zkSync, paving the way for the DeFi protocol to tap into powerful performance improvements delivered by the scaling infrastructure. A number of different zk-proof-powered layer-2 protocols are being developed by Ethereum ecosystem participants, providing the wider space with a choice of infrastructure to scale their respective platforms. While Aave…

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