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Aave’s backbone for decentralized social media, Lens Protocol, goes live

Lens Protocol, a network for building decentralized social media, has gone live on the Polygon blockchain. According to a media statement, more than 50 applications have debuted on Lens Protocol. These include Lenster, Lens Booster, SpamDAO, GoldenCircle, PeerStream, Swapify, Social Link and others.  The developers of Aave, a popular lending protocol, first introduced Lens in February 2022. Lens is a software stack that enables developers to create decentralized competitors to social media giants like Twitter and Facebook. The idea with …

Aave founder Stani Kulechov returns to Twitter after ban

Aave founder Stani Kulechov returned to Twitter on Thursday after the social media firm reversed a ban it had imposed after failing to see the funny side of a tweet. Kulechov’s account was reactivated following a ban that lasted more than 15 hours. He appeared to run afoul of Twitter’s moderators after tweeting “BREAKING: Joining Twitter as interim CEO” on Wednesday. His first tweet back following the suspension read “I’m back as interim CEO of Twitter.” Kulechov runs a competing …

Are funds SAFU? Mitigating DeFi risk with Aave founder Stani Kulechov

With nearly $13 billion in total value locked, Aave is certainly one of the dominant players in the DeFi lending space. However, as the protocol grows, so too does its risk factor. In this episode of The Scoop, founder and CEO of Aave Stani Kulechov discusses the innovation brought on by the recent Aave V3 upgrade, and shares what is being done to mitigate risk. As Stani explained during the interview, “For me what has been very fascinating is that …

Aave set to launch third version of its DeFi protocol across six networks

DeFi lending platform Aave has announced the launch of the third version of its protocol, promising more security, decentralization, and capital efficiency for users. Aave’s third version, stylized as Aave V3, will be available across six networks: Polygon, Fantom, Avalanche, Arbitrum, Optimism, and Harmony. Aave V3 will also soon be deployed on the Ethereum mainnet, the company told The Block. Many crypto projects will add support for V3, including aggregators like ParaSwap and 1inch, as well as portfolio trackers and …

HAL secures $3 million seed funding and integration with DeFi platform Aave

Blockchain analytics provider HAL has secured $3 million in seed funding led by CoinFund, Eden Block, and Animoca Brands. Other investors in the capital raise include Hashkey Capital, Wintermute, SkyVision, imToken Ventures, Bitcoin.com, as well as Alan Howard’s Piquet Ventures, among others. The company plans to utilize the funds to increase its workforce while also launching new products geared towards servicing the broader gaming and fintech industries. HAL providers individual and corporate users with a suite of monitoring and position …

Aave launches its permissioned DeFi platform Aave Arc

Aave Arc, a permissioned version of the popular DeFi lending platform Aave, has launched today. Fireblocks, an institutional crypto custody firm, has become the first whitelister of Aave Arc. Aave first revealed the permissioned platform in July last year. The platform is aimed at institutions who want to participate in the DeFi sector in a compliant manner. Aave Arc enables certain parties who have undergone financial due diligence to be able to borrow and lend cryptocurrencies automatically to other such …

Switzerland’s SEBA Bank wants to use Aave’s institutional DeFi platform

A digital asset-focused bank in Switzerland is seeking to become whitelisted on Arc, the institutional platform developed by the team behind DeFi lending protocol Aave. In a governance post shared Tuesday, a representative from the bank said that it has sought the white-listing in order to enable its clientele to more broadly access the Aave platform, stating that “[d]ue to various regulatory restrictions in their jurisdictions, SEBA’s institutional clientele has not been able deploy liquidities at large scale in Aave …