| Time | Change | High | Low |
|---|---|---|---|
| 24H | 0.00% | -- | -- |
| 7D | 0.00% | -- | -- |
| 30D | 0.00% | -- | -- |
| All | 0.00% | -- | -- |
Aave passed the Improvement Proposal (AIP1) to convert the Aave platform token LEND to AAVE at a ratio of 100:1 on October 3, 2020 (block height 10978863).
Aave is an open source decentralized lending protocol that provides users with deposit and lending services. The deposit and loan interest rates of users on both sides of the borrower and lenders are calculated by algorithms based on the platform's borrowing volume and deposit volume, and the platform uses Chainlink's oracle to ensure the fairness of the collateral price.

Ethereum treasury firms are emerging as listed companies that hold ETH on their balance sheets while generating staking income.

DeFi security faced another major setback after Kelp DAO suffered a massive exploit involving its rsETH bridge contract, resulting in losses worth nearly $292 million.

A massive DeFi transaction shocked the crypto market after a trader swapped roughly $50 million in USDT and received only about $35,000 worth of AAVE.

ERC-8211 is a standard that turns a batch of transactions into a dynamic execution program instead of a fixed transaction list.

Permissionless banking refers to financial services that operate on open blockchain networks. Anyone with an internet connection and a crypto wallet can participate.

Undercollateralized lending represents a major frontier in DeFi. By enabling crypto credit without excessive collateral requirements, it could transform decentralized finance into a more capital-efficient system.