Aave Pauses ETH Loans As Bellatrix Goes Live

DeFi lending protocol Aave has announced that it has paused ETH loans.  The announcement comes after a community vote in favor of pausing them, given Ethereum's upcoming Proof-of-Stake upgrade, which commenced with the Bellatrix hard fork.

Timeline of Aave, Ethereum

Open-source liquidity protocol, Aave [AAVE] resolved to stop loaning Ethereum [ETH] ahead of the fast-approaching Merge. A vote was held between 30 August and 2 September for the same.

Despite encountering a few unforeseen obstacles during its deployment, Bellatrix is now live on Ethereum  The Ethereum devs noted a big spike in missed block rate, which according to the devs, will be automatically debugged before the merge  On September 6, one of the highly anticipated upgrades of the year, Bellatrix went live on the Ethereum network; however, the upgrade was met with a few technical anomalies in the middle of its deployment that led the crypto enthusiasts to raise

A popular crypto strategist says that Ethereum (ETH) and the crypto markets could ignite sharp rallies this month regardless of what happens in the highly anticipated merge. In a new strategy session, Cred highlights that the merge is scheduled to happen on the same day (September 13th) that the latest inflation data is released.

On-chain and off-chain metrics indicate that one of the largest events to occur in crypto isn't generating interest outside of the crypto community. The post Ethereum's Merge: Analytics suggest it is doing little to attract new users appeared first on CryptoSlate.

Polygon [MATIC] maximalists have been having a good time after a range of new developments took place recently on the network. Crypto reporter Lark Davis confirmed that MATIC surpassed two billion lifetime transactions.

Aave has voted to suspend Ethereum borrowing ahead of The Merge in a vote that received a 77.87% majority in favor. The post Aave votes to pause ETH borrowing following concerns of users trying to maximize ETHPoW airdrops appeared first on CryptoSlate.

Speaking about the upcoming Ethereum merge, HIVE said it has already started exploring mining other GPU mineable coins with its fleet of GPUs. The miner said it is implementing beta-testing this week, before the merge.

Ahead of Ethereum's anticipated transition, the decentralized lending and borrowing platform, Aave, has announced that it would cease loaning Ether to others. The decision came following the Aave community's overwhelming vote in favor of the suspension.

With the increased adoption and attention to non-fungible tokens, several platforms like OpenSea emerged as trading hubs. As a result, people needed suitable grounds to interact and transact with the numerous NFTs available in the space.

While the cryptocurrency community prepares for The Merge, the Nasdaq-listed, Hive Blockchain Technologies, revealed in the company's August 2022 production update that it plans to re-distribute its hashpower dedicated to Ethereum toward “other GPU mineable coins.