Aave

Token

Coin

<ul class="news-points"> 
 <li>Aave aims for CRV liquidity via rewarding pools, guided by veCRV dominance.</li> 
 <li>Aave’s community passed the “aCRV OTC” proposal, securing CRV through USDT utilization.</li> 
 <li>Aiming to secure 5 million CRV, the Aave community split over the proposal with 58% in favor.</li> 
</ul> 
An update on the <a href="https://en.ethereumworldnews.com/aave-proposal-acquire-5-million-crv/" target="_blank" rel="noopener noreferrer nofollow">Aave governance forum</a> suggests that the community has passed the “aCRV OTC” proposal, which proposes the strategic purchase of CRV tokens through the utilization of USDT from the collector contract, Aave DAO treasury. 
Moreover, the governance proposal aims to secure 5 million Curve DAO Tokens (CRV).&nbsp; The community has displayed evident divergence of opinion regarding this proposal, as over 42.19% of the votes oppose the CRV acquisition arrangement. Conversely, almost 58% of the community has cast their vote in favor of advancing with the deal, which is anticipated to be put into effect within the upcoming 24 hours. 
Aave DAO’s move is an effort to capture a significant portion of Curve Finance’s liquidity by prioritizing pools with higher CRV rewards. The distribution of CRV rewards among these pools is guided by the dominance of protocols holding substantial veCRV token amounts. On the… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/aave-dao-greenlights-acrv-otc-proposal-for-crv-token-acquisition/">Aave DAO Greenlights ‘aCRV OTC’ Proposal For CRV Token Acquisition</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Aave DAO Greenlights ‘aCRV OTC’ Proposal For CRV Token Acquisition

Coin Edition

Other articles published on Aug 11, 2023

Alchemic Investment and Nanuhm Angels Collaborate to Boost Web3 and Blockchain Investments

AMD Stock Price Prediction: Which will come first $100 or $130?

Hong Kong-listed Company Boyaa Interactive Approved Budget to Purchase Bitcoin and Ethereum

SAFIR GLOBAL ANNOUNCES TERMINATION OF BUSINESS PARTNERSHIP WITH SAFIR GROUP INTERNATIONAL LTD.

Cardano Welcomes New Updates as Transaction Count Tops 73M

SEC punts on ARK 21Shares spot Bitcoin ETF, opens proposal to comments

Join our free newsletter for daily crypto updates!