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A new Away offer came up to decide the fate of $3 million in Protocol’s jackpot.
Holders of Aave tokens will vote on a governance proposal on whether to convert 1,600 Ether worth approximately $3 million in DeFi protocol treasury into Wrapped Stake Ether (wstETH) and Rocket Pool Ether (rETH).
- ProposalCreated on July 3, at the time of publication 252,152 affirmative votes have been received out of the required 320,000. Aave token holders have until July 7th to vote.
- For starters, Wrapped Stake Ether (WETH) and Rocket Pool Ether (rETH) are examples of staking derivatives that enable market participants to earn staking rewards.
“Aave DAO currently holds 1,786.51 awETH (v2) and 104.548 units of ETH in collector contracts. Aave v2 earns awETH deposit yield of 1.69%, compared to 3.8% with wstETH and 3.13% with rETH. This AIP converts aWETH (v2 and v3) as well as all unproductive ETH balances into wstETH and rETH in equal amounts.
- Aave’s native token, AAVE, has recovered substantially over the past three weeks along with the broader digital asset market.
- It has gained over 22% in the last week alone and is currently trading at $74.95.
- as per latest statistics Compiled by Defilama, Aave’s TVL jumped nearly 60% from $3.74 billion in January to a press time value of $5.98 billion.
- While the recovery has been remarkable, Aave’a TVL is down nearly 70% from its October 2021 ATH of around $20 billion.
Binance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off fees on Binance Futures for the first month. (terms).
PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.
A new Away offer came up to decide the fate of $3 million in Protocol’s jackpot.
Holders of Aave tokens will vote on a governance proposal on whether to convert 1,600 Ether worth approximately $3 million in DeFi protocol treasury into Wrapped Stake Ether (wstETH) and Rocket Pool Ether (rETH).
- ProposalCreated on July 3, at the time of publication 252,152 affirmative votes have been received out of the required 320,000. Aave token holders have until July 7th to vote.
- For starters, Wrapped Stake Ether (WETH) and Rocket Pool Ether (rETH) are examples of staking derivatives that enable market participants to earn staking rewards.
“Aave DAO currently holds 1,786.51 awETH (v2) and 104.548 units of ETH in collector contracts. Aave v2 earns awETH deposit yield of 1.69%, compared to 3.8% with wstETH and 3.13% with rETH. This AIP converts aWETH (v2 and v3) as well as all unproductive ETH balances into wstETH and rETH in equal amounts.
- Aave’s native token, AAVE, has recovered substantially over the past three weeks along with the broader digital asset market.
- It has gained over 22% in the last week alone and is currently trading at $74.95.
- as per latest statistics Compiled by Defilama, Aave’s TVL jumped nearly 60% from $3.74 billion in January to a press time value of $5.98 billion.
- While the recovery has been remarkable, Aave’a TVL is down nearly 70% from its October 2021 ATH of around $20 billion.
Binance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off fees on Binance Futures for the first month. (terms).
PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.
