Aave is a decentralized money market protocol where users can lend and borrow cryptocurrency across 20 different assets as collateral. The protocol has a native token called AAVE, which is also a governance token that lets the community decide the direction of the protocol in a collective manner. Lenders can earn interest by providing liquidity to the market, while borrowers can borrow by collateralizing their cryptoassets to take out loans from the liquidity pools.

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by COINS NEWS - 1 month ago

Celsius Repays Debt to Aave, Reclaims $418M in stETH

I would have thought they would HAVE to. It would put them in rather hot water, They would most likely have to stagger withdrawals, Not so much for monetary but more for a mass exodus would strain the blockchain, Especially if not all the crypto get...

by COINS NEWS - 1 month ago

Celsius changes legal team, pays off $20M in Aave debts

Crypto lending platform Celsius has reportedly hired lawyers from Kirkland & Ellis LLP to advise on its restructuring options — the same firm that assisted Voyager Digital with its bankruptcy filing last week.  According to a report from the Wal...