Aave Arc will leverage Fireblocks as the first whitelister as the platform aims to help bridge traditional financial institutions with DeFi.
that Fireblocks was the first whitelister. The defi startup also described how Aave Arc would work after explaining that defi was “inaccessible to traditional financial institutions.”at the time. “In the spirit of innovation and experimentation, Aave Arc creates a Web3-native experience for financial institutions to harness the power of defi in a permissioned sandbox environment.
True to the values of defi, Aave Arc is designed to be fully decentralized and governed by Aave Governance. ‘Whitelisters’ that KYC and onboard institutions and corporations onto Aave Arc can be appointed or removed by Aave protocol governance.Essentially, the new platform allows traditional finance companies to participate with the Aave system but leverage a permissioned liquidity pool.
Aave’s native crypto asset, aave has a market valuation of around $3.47 billion on January 5, 2022, and $294 million in global trade volume. Weekly stats show AAVE is up over a percent, two-week metrics indicate the asset has gained 38.1% and year to date, AAVE has gained 135%.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why DeFi platform WonderFi is acquiring BitbuyKevin O’Leary explains why WonderFi, a DeFi project he backs, is acquiring Canadian crypto exchange Bitbuy for $162 million.
Read more »
Circle, USDC and Dharma: Powering The Next Wave of DeFi AccessDecentralized Finance — or DeFi — has experienced immense growth, with total value locked in smart contracts passing $250 billion in November 2021. This parallels the growth of USDC, which recently passed $40 billion in circulation, based largely on growing demand from DeFi market participants.\n\nJoin this exclusive webinar to hear how the industry is poised to drive DeFi’s next wave by reaching new participants, including customers who lack access to traditional investment opportunities. Guests include Joao Reginatto, VP of Product at Circle, along with Dharma CEO Nadav Hollander.
Read more »
Polymarket’s CFTC Fine Hints at DeFi Regulation RoadmapThe CFTC's enforcement action against PolymarketHQ paints a picture of how the regulator might approach the broader DeFi sector. State of Crypto newsletter by nikhileshde
Read more »
Grayscale Removed Bancor Network Token (BNT) and UMA Protocol From DeFi FundGrayscale added AMP to its DeFi Fund, while BNT and UMA will no longer be part of the product.
Read more »
Defi Kingdoms Reaches Record Activity Levels on Top of Metaverse Push – Metaverse Bitcoin NewsDefi Kingdoms, a play-to-earn game inspired by metaverse elements that include NFTs as part of its structure, has been getting traction amidst the group of blockchain games coming out recently.
Read more »
Decentralized Protocol Launch: Panther DAO Votes to Launch Private DeFi Protocol End of January – Press release Bitcoin NewsPRESS RELEASE. Blockchain history was made earlier this week. Thanks to more than 2,560 DAO votes in a Snapshot proposal, the Panther Protocol was voted
Read more »