In brief
$AAVE Pro coming in July.
For those that didn't attend the "NExt Steps in Institutional Defi" Zoom with Stani, here's a recap email I received. pic.twitter.com/ClwlBkXh2r
— Noah Goldberg (@TraderNoah) July 4, 2021
$103,101.00
3.57%$2,349.44
20.28%$2.40
8.86%$638.20
3.97%$173.87
12.75%$0.999952
-0.00%$0.208399
13.86%$0.796108
10.84%$0.264048
5.24%$2,346.79
20.48%$4.00
6.43%$102,892.00
3.37%$16.30
9.61%$23.67
13.09%$2,839.30
21.33%$0.302085
10.40%$0.00001524
13.54%$0.202292
8.92%$25.17
16.20%$415.52
0.22%$3.30
5.91%$8.74
-0.74%$0.999852
-0.01%$98.67
7.12%$4.70
10.78%$2,350.13
20.38%$303.89
1.92%$2,499.12
20.10%$0.00001279
40.75%$4.50
3.54%$0.742571
19.60%$1.003
0.36%$1.00
-0.01%$103,046.00
3.50%$30.26
3.83%$6.37
21.93%$430.69
7.17%$2.94
17.77%$5.70
12.29%$1.032
11.78%$54.14
4.61%$210.45
11.98%$1.051
-0.00%$19.18
11.08%$0.101485
6.56%$1.00
0.00%$14.28
17.52%$5.31
9.04%$22.01
2.66%$0.103185
7.83%$33.03
10.29%$5.01
10.21%$0.769083
5.33%$0.02973921
11.71%$0.256889
12.01%$0.862941
17.69%$4.92
12.81%$0.37844
23.24%$1.005
0.58%$102,869.00
3.13%$1.17
0.23%$0.23608
11.44%$3.03
10.42%$0.589849
8.75%$4.35
0.07%$2.90
10.79%$0.379257
14.50%$0.00002203
19.37%$4.54
7.31%$1.14
13.70%$0.526795
15.19%$0.992338
-0.56%$0.975846
4.31%$1,743.06
7.50%$2,357.12
20.67%$181.97
12.37%$11.11
2.50%$95.60
1.63%$1.37
25.05%$2,458.61
20.94%$2.03
23.95%$0.852376
0.06%$0.01974946
1.72%$1.27
1.25%$4.62
14.49%$0.745752
18.58%$0.237066
11.90%$0.076993
2.38%$0.659635
12.17%$11.95
13.79%$102,603.00
3.15%$2,660.52
20.31%$1.00
0.21%$0.111005
13.37%$0.7816
7.08%$0.00010106
21.09%$0.01521863
7.92%$1.031
19.53%$640.13
4.29%$224.46
12.78%$0.01877764
12.90%$1.003
0.38%$192.75
12.79%$2,496.72
20.11%$0.882696
12.93%$0.999782
0.01%$0.01941493
19.04%$2.96
10.28%$0.839931
15.40%$14.70
0.26%$103,311.00
3.81%$3,333.28
-0.33%$41.20
5.99%$0.329919
13.12%$103,741.00
3.75%$0.080236
26.82%$102,399.00
3.60%$3,333.97
-0.51%$0.627767
2.89%$0.999829
-0.03%$0.238033
9.22%$0.00000078
7.86%$4.19
8.97%$22.91
15.33%$0.752609
18.47%$2,455.43
20.23%$2.30
7.31%$0.120352
5.25%$43.25
7.61%$0.43322
10.84%$2.01
16.91%$2,451.48
20.40%$0.62061
9.37%$0.997732
0.01%$0.344294
9.64%$3.94
10.61%$0.686019
16.59%$0.999251
0.13%$0.01867757
6.13%$0.759641
11.38%$0.170604
17.41%$1.11
0.99%$0.01031884
14.98%$0.475226
9.96%$0.00602062
7.18%$0.174803
25.67%$8.23
11.42%$0.209222
14.33%$18.90
16.14%$0.679671
14.43%$110.98
0.01%$0.483314
7.57%$0.534622
12.65%$102,824.00
3.41%$1.47
12.16%$2,499.23
20.29%$2,346.20
20.11%$2,346.96
20.20%$0.622387
18.30%$0.995815
-0.27%$0.197134
4.35%$2,340.84
20.19%$0.997068
-0.29%$102,363.00
2.89%$0.066551
0.66%$2,382.40
19.34%$0.00002388
7.12%$3.98
21.53%$99,986.00
3.21%$0.00876163
10.51%$6.50
9.43%$2.85
13.47%$0.999904
0.00%$1.64
5.10%$1.82
10.72%$0.178856
10.76%$0.097265
14.23%$0.087452
14.85%$0.04595313
10.11%$0.00000044
5.11%$0.00624181
8.54%$2,345.42
20.11%$0.650009
24.63%$0.256123
11.54%$102,472.00
3.29%$1.011
0.90%$1.086
0.02%$1.55
7.74%$45.32
10.41%$0.154771
0.34%$0.00000104
10.60%$0.349966
21.22%$2,333.83
20.50%$0.03767544
6.74%$0.823673
16.88%$0.00439445
6.83%$0.0192516
6.46%$0.381723
4.65%$0.387729
1.69%$33.04
1.39%$0.00006655
9.41%$0.355585
11.98%$0.177562
0.42%$1.001
0.02%$0.847118
6.56%$21.56
0.85%$1.00
-0.02%$0.00343167
16.81%$2,505.10
21.46%$130.70
13.00%$0.00000165
7.74%$1.39
-2.40%$23.60
12.76%$0.741813
5.74%$1.20
33.88%$2.95
15.11%$103,104.00
3.65%$1.004
0.42%$25.21
16.10%$0.25971
12.13%$0.229969
14.65%$2,579.80
20.43%$1.001
0.05%$0.00356661
20.48%$1.00
-0.02%$2,553.74
20.15%$3.81
15.66%$0.526603
-6.82%$1.099
-0.08%$0.03534674
3.60%$25.21
16.10%$2,348.24
20.27%$3.62
9.25%$2,529.13
20.16%$23.80
6.23%$17.50
9.69%$0.575396
6.80%$0.999796
-0.02%$0.28645
8.66%$0.00381354
11.88%$2,343.07
20.41%$3,324.57
-0.88%$0.80813
19.15%$0.03933326
7.11%$0.0139722
10.13%$0.271517
57.93%$0.115858
15.51%$2,066.61
3.41%Reading
Decentralized finance (DeFi) protocol Aave has seen its price surge by double digits following the announcement that its Aave Pro platform will launch later this month.
Aave Pro, a permissioned version of its platform geared towards institutional investors, was first revealed during a webinar last week.
Attendees of the “Next Steps in Institutional DeFi” webinar reportedly received a follow-up email with additional information on Aave Pro.
$AAVE Pro coming in July.
For those that didn't attend the "NExt Steps in Institutional Defi" Zoom with Stani, here's a recap email I received. pic.twitter.com/ClwlBkXh2r
— Noah Goldberg (@TraderNoah) July 4, 2021
The letter said that “due to extensive demand from various institutions, Aave and Fireblocks are launching the first permissioned decentralised liquidity protocol “Aave Pro” in July.”
Fireblocks closed a $133 million Series C financing round in March and will join the initiative as a partner.
The price of AAVE skyrocketed on the heels of the announcement by more than 22%, surpassing the $338 mark on Tuesday morning. According to data from CoinGecko, the last time the token was trading at these levels was on June 10. Aave has since settled at $328, representing a 16% gain over the last 24 hours.
Initially, Aave Pro will support four assets with high institutional demand–Bitcoin (BTC), Ethereum (ETH), AAVE, and USD Coin (USDC). The platform’s liquidity pools will be segregated from other Aave markets, such as Aave v2 and Aave Polygon.
One notable feature of Aave Pro is that institutional investors will have to pass Fireblocks’ smart contract-based “Know Your Customer” (KYC) verification to access the platform. Once approved, they can enjoy the benefits of the automated DeFi yields and Aave’s decentralized governance–something that Stani Kulechov, the CEO of Aave, called “the most interesting” feature.
Aave is a decentralized finance (DeFi) protocol that lets people lend and borrow cryptocurrencies and real-world assets (RWAs) without having to go through a centralized intermediary. When they lend, they earn interest; when they borrow, they pay interest. Aave was originally built atop the Ethereum network, with all the tokens on the network also using the Ethereum blockchain to process transactions; they are known as ERC20 tokens. Aave has since expanded to other chains, including Avalanche, F...
Additionally, Fireblocks will implement anti-money laundering (AML) and anti-fraud compliance for Aave Pro.
The news of Aave Pro’s upcoming launch shouldn’t come as a big surprise though, as Kulechov first revealed that Aave was trialing private permissioned liquidity pools back in May.
Digital assets may be firmly in the mainstream, with institutional involvement and a crypto-friendly president in the White House. But hackers and fraudsters are having a field day so far this year. Crypto users have lost over $1.7 billion to these groups—already 14% more than 2024’s total losses of $1.49 billion, according to blockchain security firm Immunefi. In the same period last year, losses totaled $420 million, the firm said. The report comes amid ongoing concerns about the vulnerabil...
Libre, a regulated real-world asset platform, and the TON Foundation have launched a $500 million tokenized fund on The Open Network, aiming to bring Telegram’s $2.4 billion in corporate debt onto the blockchain for the first time. Dubbed the Telegram Bond Fund, the product allows institutional and accredited investors to gain exposure to Telegram’s outstanding bonds directly through the TON blockchain, according to a statement shared with Decrypt. The fund will also participate in future Telegr...
Solana decentralized exchange Raydium has deployed its native token launchpad, which is designed to rival the popular Pump.fun. This comes almost a month after Pump.fun deployed its own decentralized exchange, cutting ties with Raydium in the process. LaunchLab by Raydium offers a more sophisticated token creation process, compared to Pump.fun’s simplistic approach. The new launchpad allows for deployers to toy with the token supply, how many tokens will be sold on the bonding curve, and how muc...