Aave

Ethereum

DeFi

Coin

<ul class="wp-block-list news-points"> 
 <li>Aave’s V4 update drove $6M in revenue due to Ethereum price-triggered liquidations. </li> 
 <li>MakerDAO’s “Endgame” plan introduces six SubDAOs for enhanced governance and decentralization. </li> 
 <li>Aave v3 on Ethereum saw $234M in liquidations, with one wallet alone facing $73M in losses.</li> 
</ul>   
The decentralized finance (DeFi) sector is witnessing significant developments, with Aave and MakerDAO <a href="https://coinedition.com/aave-chain-initiative-founder-faults-makerdaos-proposed-1b-allocation-via-morpho-labs/">grabbing the spotlight.</a> Aave just rolled out its V4 update, and MakerDAO launched its ambitious Endgame plan. These developments are pushing both platforms to new levels, cementing their importance in the DeFi scene.   
On August 5th, Aave saw a huge spike in daily revenue, topping $6 million. This spike was primarily driven by a series of liquidations following a drop in Ethereum’s price. Aave, known for its innovative features like flash loans, recorded $2.1 million in daily revenue directly linked to these liquidations.   
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 Aave Protocol withstood market stress across 14 active markets on various L1s and L2s, securing $21B worth of value. Aave Treasury was rewarded with $6M in revenue overnight from decentralized liquidations for keeping the markets safe. This is why building D…
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The post <a href="https://coinedition.com/aave-and-makerdao-defis-big-players-make-big-moves/">Aave and MakerDAO: DeFi’s Big Players Make Big Moves</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Aave and MakerDAO: DeFi’s Big Players Make Big Moves

Coin Edition

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