Argin Chronicles
The Aave DAO has just launched a dedicated @ether_fi market on its platform, allowing users to borrow stablecoins such as $USDC, $pyUSD, and $FRAX against their @ether_fi weETH liquid staking tokens. This move introduces new opportunities for DeFi strategies, particularly through liquid restaking tokens like weETH, which enable advanced maneuvers like leveraged ETH staking. This […]
Aave’s GHO token is approaching its all-time high as its user base broadens, with a growing number of non-stkAAVE holders minting GHO since May. This surge in adoption suggests that GHO is gaining traction beyond Aave’s core community, attracted by competitive borrowing rates and DeFi use cases. Aave's GHO approaches ATH with broader userbase The […]
A recent report from IntoTheBlock has examined the activities of the second-largest Aave GHO whale, known as luggisdoteth, who employs a leveraged long ETH strategy using GHO. This whale has been gradually increasing their ETH position by minting GHO with wstETH and swapping the stablecoin for ETH. While leveraging carries inherent risks, this whale utilizes […]
Lending protocols have experienced a significant boost in active loans, adding approximately $5 billion year to date. Aave, the leading lending protocol by total value locked (TVL), accounts for $4.5 billion of this increase. Unlike the previous all-time high in 2021, new entrants Spark and Morpho have now secured positions in the top three, with […]
Aave, positioned in the middle of the pack among various altcoins, is showcasing #bullish divergences that have caught the attention of market observers. Despite being the 50th ranked market cap asset, it has recently seen the highest accumulation of coins by the top 150 wallets in the past 5 months. Simultaneously, Aave’s Relative Strength Index […]