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Aave Pulls Ahead Of MakerDAO In Most Collateral Staked On Ethereum

Aave pulls ahead of MakerDAO for the title of most collateral staked on Ethereum according to the reports by Defi Pulse so let’s find out more in today’s altcoin news. Aave now has $1.47 billion worth of crypto assets staked for credit lines while MakerDAO has about $1.45 billion in total value locked. Stani Kulechov said:  “Reaching the highest TVL was possible due to the wide range of developers building on top of Aave who are expressing their innovation in DeFi. This innovation has sparked interest from institutions [that] are now dipping their toes into Aave.” This is the second…

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Lending Protocol Aave Aims For Tokenized Mortgages In V2 Launch

The lending protocol Aave, sets the eyes on tokenized mortgages in its second version of the protocol by releasing the specifications as it eyes $1 billion locked under contract according to DeFi pulse so let’s find out more in the upcoming cryptocurrency news today. The lending protocol Aave will partner with the real estate tokenization company RealT and will bring home mortgages to DeFi as the company didn’t comment further by press time. V2 will include transaction fee optimizations such as the native support for smart contract Gas Token. As it was previously reported, Aave announced more plans to transition…

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Aave Unveils Upgrade Proposal To Mitigate LEND In 100:1 Tokenswap

Aave unveils a new upgrade proposal with plans to mitigate LEND to Aave in 100:1 tokenswap, aiming for a bigger move towards decentralized governance structure as we are reading more in the upcoming altcoin news. The decentralized financial platform Aave unveils a new plan today that will be an integral part of their goal towards decentralized governance structure by entailing a tokenswap that will convert LEND to Aave in 100:1 ratio. LEND’s price has so far reacted positively to the news and surged by more than 24 percent in the few minutes after the announcement was made. In a blog…

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LEND Native Token Drops 27% After Surging 1000% In Three Months

The LEND native token drops by 27% after surging by more than 1000 percent in the past there months as we reported in the previous altcoin news today. The parabolic rally helped the LEND native token reach an all-time high of $0.384 previously this week. The top formation resulted in a profit-taking process among the daytraders that sent the LEND price lower by 27 percent as per the Santiment report warned about the bearish movement that was based on the growing divergence between the LEND price and the active addresses number. LEND suffered a huge decline in nearly three weeks…

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LEND Token Skyrockets By 8000% Against Bitcoin In Latest Price Rally

The LEND token skyrocketed by 8000 percent against Bitcoin in the latest over-extended price rally as the Aave native token is now the third-biggest DeFi platform by total value locked. LEND went up about 8,087% against Bitcoin in the past 12 months while the investors started dumping their coins on the FOMO buyers as we are reading more in the upcoming altcoin news. In the meantime, the TVL on the platform increased by 68% in a day and reached $416 million today according to the Defi pulse data. LEND surged by 47% in the previous week which made it the…

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