{"id":130699,"date":"2023-01-11T12:26:38","date_gmt":"2023-01-11T12:26:38","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=130699"},"modified":"2023-01-11T13:21:15","modified_gmt":"2023-01-11T13:21:15","slug":"aave-aave-accumulates-10-weekly-gain-as-it-prepares-to-launch-gho-stablecoin","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/aave-aave-accumulates-10-weekly-gain-as-it-prepares-to-launch-gho-stablecoin\/","title":{"rendered":"Aave (AAVE) Accumulates 10% Weekly Gain as It Prepares to Launch &#8220;GHO Stablecoin&#8221;"},"content":{"rendered":"<p style=\"text-align: justify\"><strong>Aave,<\/strong> one of the leading <a href=\"https:\/\/crypto-economy.com\/news\/defi\/\" target=\"_blank\" rel=\"noopener\"><strong>DeFi<\/strong><\/a> lending protocols, is emerging as one of the top players in the crypto ecosytem as its native token, AAVE, pumps more than <strong>10%<\/strong> over the past week. The DeFi protocol is also gearing up for the launch of its upcoming stablecoin <strong>&#8220;GHO&#8221;<\/strong> in order to solve real world payment problems.<!--more--><\/p>\n<p style=\"text-align: justify\">On-chain analytics platform, Santiment, <strong><a href=\"https:\/\/insights.santiment.net\/read\/aave-increased-whale-holdings-before-launch-of-upcoming-stablecoin-7178\" target=\"_blank\" rel=\"noopener\">suggested<\/a><\/strong> that Aave protocol has witnessed a sudden surge in whale holdings that has inflated nearly 12% in the last four weeks.\u00a0At the time of writing, the native token of the Aave protocol <strong>is up 9.57% to trade at<\/strong> <strong>$61.51. <\/strong><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: inherit;background-color: var(--base-3);color: var(--contrast)\">The increase in both the price of its token and whale holdings can be credited to a number of factors the decentralized lending protocol has announced recently. With over <\/span><strong style=\"font-size: inherit;background-color: var(--base-3);color: var(--contrast)\">$3.8 billion total value locked (TVL),<\/strong><span style=\"font-size: inherit;background-color: var(--base-3);color: var(--contrast)\"> Aave (AAVE) is now one of the top 5 decentralized finance (DeFi) protocols.\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-130710 size-full\" src=\"https:\/\/crypto-economy.com\/wp-content\/uploads\/2023\/01\/11-7.jpg\" alt=\"Aave (AAVE) Accumulates 10% Weekly Gain While It Prepares to Launch &quot;GHO Stablecoin&quot;\" width=\"813\" height=\"451\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2023\/01\/11-7.jpg 813w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2023\/01\/11-7-300x166.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2023\/01\/11-7-768x426.jpg 768w\" sizes=\"(max-width: 813px) 100vw, 813px\" \/><\/p>\n<h2 style=\"text-align: justify\">Reasons for Growth<\/h2>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The community has given the greenlight \ud83d\udfe2 for GHO \ud83d\udc7b The next step is voting on the genesis parameters of GHO, look out for a proposal next week on the governance forum <a href=\"https:\/\/t.co\/ba4oK50Wb8\" target=\"_blank\">https:\/\/t.co\/ba4oK50Wb8<\/a><\/p>\n<p>&mdash; Aave (@AaveAave) <a href=\"https:\/\/twitter.com\/AaveAave\/status\/1553696756633944064?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">July 31, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify\">The Aave team is preparing for the launch of its new stablecoin, GHO, in order to help improve various key features of the protocol&#8217;s lending platforms. The GHO Stablecoin is a decentralized, <strong>multi-collateralized stablecoin pegged to the U.S. dollar.<\/strong><\/p>\n<p style=\"text-align: justify\">It will be backed by an assortment of user-selected cryptocurrencies that will be owned and governed by the Aave community. GHO has undergone a security audit by Open Zeppelin and been slated to be released on the <strong>Aave V3 Market on Ethereum.\u00a0<\/strong><\/p>\n<p style=\"text-align: justify\"><img decoding=\"async\" class=\"aligncenter wp-image-130712 size-full\" src=\"https:\/\/crypto-economy.com\/wp-content\/uploads\/2023\/01\/12-4.jpg\" alt=\"Aave (AAVE) Accumulates 10% Weekly Gain While It Prepares to Launch &quot;GHO Stablecoin&quot;\" width=\"888\" height=\"389\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2023\/01\/12-4.jpg 888w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2023\/01\/12-4-300x131.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2023\/01\/12-4-768x336.jpg 768w\" sizes=\"(max-width: 888px) 100vw, 888px\" \/><\/p>\n<p style=\"text-align: justify\">Aave co-founder, Stani Kulechov, had earlier highlighted the GHO stablecoin will solve real world payment problems. He also believes it will help attract stablecoin users because DeFi makes it more affordable to process transactions. Kulechov further explained the AAVE protocol is deployed on layer 2 solutions, such as Optimism and Arbitrum, including Ethereum, Polygon, and Avalance.\u00a0 The co-founder added,<\/p>\n<p style=\"text-align: center\"><em>&#8220;What I\u2019m envisioning is that we have, first time ever, actually an opportunity to get stablecoins to be used as the Internet money and solving real world payment problems by still using the blockchain.&#8221;<\/em><\/p>\n<p style=\"text-align: justify\">Furthemore, \u00a0AAVE V3 was launched recently to enable cross chain transactions, high efficiency mode for large transactions, gas optimisation and isolation mode for new assets. In the burgeoning DeFi space, Aave stands out by allowing over 20 lendable crypto assets, giving users more options and flexibility. In addition, users can switch between fixed and variable interest rates when they borrow on the platform.<\/p>\n<h2 style=\"text-align: justify\">Use Cases of Aave is Rising<\/h2>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">1\/5 <a href=\"https:\/\/twitter.com\/jpmorgan?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@jpmorgan<\/a> has executed its first live trade (with real balance sheet funds!) in DeFi using a modified version of the Aave protocol on Polygon mainnet, as part of The Monetary Authority of Singapore\u2019s (MAS) Project Guardian. <a href=\"https:\/\/t.co\/jVaKzZpPms\" target=\"_blank\">https:\/\/t.co\/jVaKzZpPms<\/a><\/p>\n<p>&mdash; Aave (@AaveAave) <a href=\"https:\/\/twitter.com\/AaveAave\/status\/1587846898039521281?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">November 2, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify\">Recently, banking giant JP Morgan Chase <strong>completed its first DeFi transaction<\/strong> with the help of the Aave platform. In November, a crypto analyst, Jacob Crypto Bury&#8217;s Youtube channel claimed if Aave breaks the $80 mark, it will surge to $88 before a shallow retracement and move higher to the $92 mark, however, is not guaranteed.<\/p>\n<p style=\"text-align: justify\">He emphasized the Aave ecosystem has continued to draw investors who use the platform to explore opportunities its ecosystem presents, including Defi, DAO, and NFTs. Severel experts also believe that as the crypto winter persists, services such as <strong>AAVE will become indispensable<\/strong> for surviving the current market conditions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Aave, one of the leading DeFi lending protocols, is emerging as one of the top players in the crypto ecosytem as its native token, AAVE, pumps more than 10% over the past week. The DeFi protocol is also gearing up for the launch of its upcoming stablecoin &#8220;GHO&#8221; in order to solve real world payment &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Aave (AAVE) Accumulates 10% Weekly Gain as It Prepares to Launch &#8220;GHO Stablecoin&#8221;\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/aave-aave-accumulates-10-weekly-gain-as-it-prepares-to-launch-gho-stablecoin\/#more-130699\" aria-label=\"More on Aave (AAVE) Accumulates 10% Weekly Gain as It Prepares to Launch &#8220;GHO Stablecoin&#8221;\">Read more<\/a><\/p>\n","protected":false},"author":21,"featured_media":130713,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[84,111,74],"tags":[5375,5287,5016],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/130699"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=130699"}],"version-history":[{"count":0,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/130699\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/130713"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=130699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=130699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=130699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}