.AaveAave eliminated the bad debt of 2.7 million $CRV dao tokens remnant from the recently arrested Avi Eisenberg’s botched trade.sndr_krisztian reports
The maneuver comes ahead of the activation of a major tech upgrade of the protocol called Aave v3.
blockchain data on Etherscan shows.Aave’s Twitter account is calling v3 the “most significant upgrade to the Aave Protocol” since it launched in January 2017.post on Jan.Share on Pinterest Share on LinkedIn CLEVELAND, Ohio (WOIO) – The Superior Midway bike lanes passed a massive hurdle on Monday with the initial proof of concept project moving forward through Cleveland City Council.
The move came after Aave’s community approved the procurement of the necessary CRV tokens using the ParaSwap decentralized exchange aggregator in a concluded on Tuesday.The protocol is governed by a decentralized autonomous organization (DAO) and AAVE token holders vote on proposals.Even so, Aave rolled out v3 on other chains including Optimism, Polygon, Arbitrum and Avalanche before bringing it to the mothership.The action also took place of a major tech upgrade called Aave v3.The move follows the community approval of Aave Improvement Protocol (AIP) 144, which deployed a swap contract that acquires 2.In November, Avraham Eisenberg roiled Aave with a trading strategy that involved borrowing tens of millions of CRV tokens from the platform.25, 2023 18:58 UTC, and if the proposal passes, the deployment will execute on Friday, Jan.After a sudden price spike due to a short-squeeze, his position got liquidated leaving Aave with bad debt in CRV that amounted to $1.The bike lanes, which are fully funded largely through federal money, will use approximately $4-5 million.
6 million at the time.Aimed at improving user experience, risk management and capital efficiency, v3 on Ethereum comes as Aave leads the charge as the largest lender in the DeFi space with $3.The bad debt on the Aave protocol resulted from a sophisticated exploit that took place on Nov.Notably, an by DeFi data platform EigenPhi found that the liquidator of the bad debt pocketed some $1 million profit due the recent upswing in crypto markets that helped lead to a 98% gain in CRV since the start of the year.Avi Eisenberg became famous in crypto circles after.The change is being hailed by other Ethereum DeFi players who plug into Aave’s protocol for liquidity.
Read more: CoinDesk » Aave Community Voting to Deploy Its V3 on Ethereum Aave purchases 2.7M CRV to clear bad debt following failed Eisenberg attack Superior Midway bike lanes approved in Cleveland, now entering design phase Lido Protocol Reveals Plans for Withdrawal Feature Ahead of Ethereum’s Shanghai Hard Fork – Defi Bitcoin News
Aave Community Voting to Deploy Its V3 on EthereumIf the proposal passes, the latest iteration of the Aave protocol will come to the Ethereum blockchain, Aave’s first and largest market.
Aave purchases 2.7M CRV to clear bad debt following failed Eisenberg attackAlthough the exploit attempt was foiled, Aave was left with $2.7 million worth of bad debt in the process, which it just cleared.
Superior Midway bike lanes approved in Cleveland, now entering design phaseThe Midway bike lanes are intended to provide a network of protected bike lanes throughout the city, connecting more neighborhoods safely through biking.
Lido Protocol Reveals Plans for Withdrawal Feature Ahead of Ethereum’s Shanghai Hard Fork – Defi Bitcoin NewsThe development team for the liquid staking project Lido revealed plans to create an in-protocol withdrawal feature.What do you think about Lido Protocol’s proposal for in-protocol withdrawal requests ahead of Ethereum’s Shanghai hard fork? 🤔💡 LidoProtocol Ethereum Withdrawals Is Bitcoin mining the solution for stranded energy sources around the world? 👇 BitcoinMining Energy Sustainability
Mick Mulvaney on Astra Protocol, Regulation OutlookFormer White House Chief of Staff Mick Mulvaney discusses joining Astra Protocol as Strategic Adviser in 2022 and their compliance work in the U.S.and around the globe to bring Web3 mainstream.Plus, insights on establishing a regulatory framework for crypto in the near future.
AstraProtocol WhiteHouse MickMulvaney What a great interview! AstraProtocol astraprotocol AstraProtocol WhiteHouse MickMulvaney Mistakes are where true inspiration comes from.Just check out all the progress we made in terms of Metaverse, and oh boy, did we make some mistakes while developing it…AstraProtocol WhiteHouse MickMulvaney Sure, but not with other people’s money.
Uniswap holders propose ditching Ethereum for BNB Chain to deploy v3 protocolUniswap on BNB Chain? Holders of the $UNI governance token have decided to deploy the third version of the decentralized exchange protocol on BNB Chain, a rival of the Ethereum network.
why not MultiversX Uniswap community gives a big thumbs up to deploying the v3 protocol on BNBChain with 80% of voters in favor! But what do you think? Is this the right move for Uniswap or should they stick with ETH? Not necessarily a step towards more decentralization though.At least the fees become more reasonable, most of the time…..BNB.
