January 9, 2021: Celebrating the $AAVEversary

Keep Ahead of the Curve

Here are today’s trends to watch from Curve Market Cap:

$AAVE turned 1 year old yesterday, and what a year.

Ryan Sean Adams - rsa.eth 🏴 @RyanSAdams

Aave went from $300k to $3b is assets over the last year. These are mind-blowing numbers. This kind of growth can only happen in DeFi. Happy Aaveversary indeed.

Aave @AaveAave

📢The Aaveversary Community Call kicks off in just a couple hours! 💫Excited to have @ZeMariaMacedo @JonathanErlichL from @Delphi_Digital, @DeFi_Dad, @RyanSAdams, @0xMaki, and @gauntletnetwork joining! 👻Location ➡️ https://t.co/XOXHEfjKXv https://t.co/u5ENEyQil3

The decentralized finance protocol generated $1.8 million in weekly income on total liquidity of $2.7 billion. $CRV had the distinction of being the top performing weekly asset on AAVE over the past week, generating a 200% weekly APY.

The good tidings also spilled back into the Curve $AAVE pool. The AAVE pool has generally provided north of 10% APY in terms of trading fees since its launch, currently providing the best return for stakers.

Much of this is tied to the general price rise of AAVE. The price hit a high of $123 this past week, up from a low of $26 on November 5.

Some have attributed this price run to recent OCC policy guidance. We’ll be watching closely to see if these policies persist as a new regime comes to DC.

DeFi Vørtex @DeFi_Vortex

The OCC announcement was mega bullish for 4 tiers 1) $BTC / $ETH as SOV and base layers, 2) DeFi $SNX, $AAVE, $YFI, $SUSHI and other tier 1s, 3) perhaps the biggest boost goes to corporate/VC coins $MKR, $COMP, $UNI initially and finally 4) seigniorage stables $ESD et al

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