Articles for tag: Aave, Bitcoin, Bitcoin Reserves, Crypto News, Ethereum, US Crypto

Sadia Ali

Aave

Aave Ventures Into Bitcoin Mining to Strengthen GHO Stablecoin

Aave plans to enter Bitcoin mining to boost revenue and grow its stablecoin ecosystem. The initiative leverages mining profits and hardware appreciation for dual benefits. The timing aligns with a bear market, offering cost-effective mining and asset acquisition. Aave is exploring Bitcoin mining to strengthen its GHO stablecoin ecosystem and ... Read more

Lipika Deka

AAVE

AAVE Erupts! Whale Activity Ignites Massive Rally

AAVE, a leading DeFi protocol has soared beyond the $300 mark for the first time since November 2021. This unprecedented surge is attributed to a combination of factors, including increased whale activity and positive market sentiment. Data shared by Santiment showed that the “Mean Dollar Invested Age” of AAVE coins ... Read more

Ammar Raza

Chainlink

Chainlink’s CCIP Powers Aave’s $GHO for Seamless Cross-Chain Transfers

In a recent analysis, Zach Rynes highlighted the unique way Aave’s decentralized stablecoin, $GHO, utilizes Chainlink’s Cross-Chain Interoperability Protocol (CCIP) for cross-chain token transfers. Given that GHO is exclusively issued on Ethereum, all cross-chain transfers occur via canonical wrapped tokens, fully backed by GHO on Ethereum through CCIP, ensuring fungibility ... Read more