# DeFi protocol Aave encounters major capital flight

# DeFi protocol Aave encounters major capital flight

“# DeFi protocol Aave encounters major capital flight ” Annual percentage yields, or APY, on crypto borrowing and lending platform Aave have surged to record levels after capital withdrawals sent the decentralized finance, or DeFi, protocol into a liquidity crunch. At the time of writing, variable APY on borrowing stablecoin Dai via Aave has surged…

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# Leading DeFi projects launch 0M global adoption initiative

# Leading DeFi projects launch $100M global adoption initiative

“# Leading DeFi projects launch $100M global adoption initiative ” A consortium of leading decentralized finance (DeFi) protocols today announced a collaborative $100 million financial inclusion venture titled “DeFi for the People.” The DeFi applications involved in the project — AAVE, SushiSwap, Curve, 0x and PoolTogether, amongst others — will together provide up to $100…

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# Aave price hits two-month high on Wall Street’s DeFi adoption hopes

# Aave price hits two-month high on Wall Street’s DeFi adoption hopes

“# Aave price hits two-month high on Wall Street’s DeFi adoption hopes ” Demand for Aave (AAVE) boomed dramatically in the previous 24 hours as traders assessed its involvement in Bitwise Investment’s upcoming institutionally-focused investment vehicle. The San Francisco-based asset management firm announced Wednesday that it would invest directly in AAVE to back its “Bitwise…

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