Auto Added by WPeMatico

Money Market Protocol Aave Settles $300 Million in Defi Flash Loans

This weekend the decentralized money market protocol Aave broke records as the community witnessed a massive flash loan of $14 million worth of the stablecoin DAI. So far, the Aave protocol has seen over $300 million in flash loans to-date and this trend doesn’t seem to be abating any time soon. In just a short period of time, the Aave protocol (the Finnish word for “ghost”) has seen enormous demand. Essentially, Aave is a decentralized finance (defi) protocol that currently has 19 supported tokens including ethereum (ETH). To-date the total-value locked (TVL) is around $1.5 billion at the time of…

Continue Reading Money Market Protocol Aave Settles $300 Million in Defi Flash Loans

End of content

No more pages to load