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AAVE New Proposal: Aave DAO should make clear its position on the merger of Ethereum, and promise to support the main network of POS consensus instead of fork



Time:8/17/2022 12:30:03 PM

[New AAVE Proposal: Aave DAO should take a clear position on the merger of Ethereum, and promise to support the main network of the POS consensus instead of a fork] News on August 17th, the new proposal of AAVE requires that Aave DAO should promise to choose to operate under the proof-of-stake consensus Ethereum mainnet, rather than any Ethereum fork that runs an alternative consensus such as Proof of Work. If the proposal passes, the Aave protocol will shut down on the proof-of-work (PoW) Ethereum chain.

The proposal argues that Aave Protocol, as one of TVL's largest DeFi applications and an important part of its infrastructure, powers hundreds of other dApps and experiences in the DeFi ecosystem. The DAO should send a clear signal to the DeFi ecosystem, and Aave DAO should clarify its position on Ethereum merger, indicating that the Aave protocol should be committed to the Ethereum mainnet and run under the proof-of-stake consensus.

Other news:

The loans of giant whales shorting Curve on Aave V2 are being liquidated: according to the news on November 22, the market data shows that the price of CRV has exceeded 0.61 US dollars, and the price of CRV has risen by more than 20% in 24 hours. ) has fallen below 1 and its USDC collateral is being liquidated. Previously, the giant whale mortgaged 62.55 million USD from Aave V2, borrowed 90.47 million CRV, and transferred to the exchange to try to short CRV. [2022/11/22 7:57:15]

AAVE fell below the $400 mark with an intraday drop of 5.97%: According to data from Huobi Global, AAVE fell short-term and fell below the $400 mark. It is now reported at $399.3296, with an intraday drop of 5.97%. The market fluctuates greatly, please do a good job in risk control . [2021/4/18 20:32:16]

Huobi opens AAVE/USDT isolated margin trading: Just now, the official announcement stated that Huobi Global has now opened the AAVE/USDT isolated margin trading pair. [2020/11/19 21:19:21]

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