| Mobile Web

Search results for Aave DAO

Crypto

Aave Labs proposes Aave Foundation in Cayman Islands, governance powers to remain with DAO

Aave Labs submitted an ARFC proposal to establish an ownerless Aave Foundation in the Cayman Islands. The foundation would hold, protect and license intellectual property including the Aave trademark, key domains and protocol code. The proposal covers a first phase focused on registration and appointments, with related registration, legal and establishment costs borne by the decentralised autonomous organisation (DAO). Governance powers would remain with the Aave DAO.

Crypto

Bitwise CIO says token buybacks and burns could drive crypto values sharply higher

A structure that directly links protocol revenue to token buybacks and burns could at least double cryptocurrency values, Bitwise CIO Matt Hougan said. He said the non-bitcoin market is being reshaped around network revenue, but investors have not fully priced in the shift. Hougan cited Hyperliquid, Uniswap and Aave as examples and said the model could spread across DeFi applications and layer-1 networks in 12 to 24 months.

Crypto

Aave tops $100 million in deposits on Monad two days after launch

Decentralised lending protocol Aave has surpassed $100 million in deposits on the Monad blockchain, The Block reported on Friday, citing TokenLogic. The milestone came two days after Aave began services on Monad. Monad is an EVM-compatible layer 1 built by former Jump Trading developers. Monad’s total value locked stood at about $359.5 million as of June 8. The deposits include incentives from the Monad Foundation and Aave DAO.