The loop runs every month 👀
Every trade whether of $HYPE , $ETH or any asset on Aevo generates exchange fees. Those fees fund a monthly buyback that pulls $AEVO from the open market and removes it permanently.
75 million AEVO burned to date, and the amount scales with volume so as more traders use the platform, more supply leaves circulation.
The loop is simple: volume grows, fees accumulate, buyback runs, supply contracts, as AGP-3 made it automatic, and it has been running without interru...
$AAVE
{future}(AAVEUSDT)
to Remove 50 Low-Adoption Assets and Exit Six Blockchains
Aave is deprecating 50 underused asset reserves and winding down its lending markets on Sonic, Scroll, zkSync, Metis, Soneium and Aptos.
The overhaul affects about $98.1 million in supplied assets and $15.6 million in outstanding debt. Aave said the affected markets generate too little activity and revenue to justify their oracle, monitoring and risk-management costs.
The protocol will also retire 21 matured Pen...
Bitcoin Holds Near $64,500 as US Stocks Rebound
Bitcoin remained steady around $64,500 on Thursday as the sell-off in South Korean semiconductor stocks eased and US inflation data matched market expectations.
The June Personal Consumption Expenditures index rose 3.7% year over year, down from 4.1% in May but still well above the Federal Reserve’s 2% target. The S&P 500 gained about 1%, while the Nasdaq rose 2.3%, improving sentiment across risk assets.
The Federal Reserve kept interest rates unc...