Digital Asset Investment App Luno Adds Aave, MakerDAO, Curve

Luno, the cryptocurrency investment app, has announced that it introduced three new virtual currencies to invest in that are frequently used by decentralized finance (DeFi) traders and investors.

Timeline of Aave, Curve-dao-token, Maker

The Aave community has voted to include PayPal's PYUSD stablecoin in its Ethereum-based pool. The December proposal has reached a 99.9% quorum and is soliciting further feedback before being finalized later today.

In a landmark move, PayPal, the payment processor, has incentivized PYUSD liquidity on Curve Finance, the world's largest stablecoin decentralized exchange (DEX) by trading volume. PayPal Incentivizing PYUSD Liquidity Via Curve This development, which Stake DAO first captured on January 10, sent shockwaves through the crypto community, with many experts predicting that Curve is on its way to becoming the go-to platform for institutional and corporate trading of on-chain stablecoins.

Stani Kulechov is the founder of Aave. He established Aave as one of the pioneering projects in the decentralized finance (DeFi) space. Kulechov's vision was to create a transparent and open financial ecosystem using blockchain technology, which led to the development of Aave as a decentralized lending platform.

Curve Finance founder Michael Erogov has moved over 23 million CRV, the native governance token of the Curve DAO, to Binance, the world's leading cryptocurrency exchange, over the last five days, The Data Nerd, on December 27, shows. The founder moved 2.5 million CRV on December 27.

Crypto Price Prediction: The crypto market continues to waver in uncertainty evident from the neutral candle in Bitcoin and several major cryptocurrencies. The worldwide cryptocurrency market capitalization now stands at $1.61 trillion, marking a significant rise of 5.98% in the past day.

Bitcoin (BTC) and most of the top cryptocurrencies experienced a price retracement earlier this week. With a momentary sentiment shift from bullish to bearish, short positions increased in the cryptocurrency market.

The blockchain technology enterprise Aave Companies, recently rebranded as Avara, is still navigating challenges in stabilizing its stablecoin GHO, which is currently struggling to sustain its desired $1 peg. The project's Liquidity Committee is actively working on strategies to strengthen the stablecoin, aiming to elevate its value above $0.985 by November 30, 2023.

Decentralized finance (DeFi) platform Aave paused several markets on the 4th of November after users reported an issue affecting a specific feature on the platform, according to a post on X.

The decentralized finance (defi) protocol Aave's so-called guardian said on Nov. 4 it had paused the Aave V2 Ethereum Market and frozen “certain assets on Aave V3 on Polygon, Arbitrum, Optimism.” At the time when the update was issued, Aave said an analysis of what happened would be made available when the issue is resolved.

Curve Finance's crvUSD remained robust despite the uncertainty faced by it during market conditions. Though Revenue generated by the protocol grew, overall code commits made by the protocol fell significantly.