Whale Accumulation and Aave’s “Umbrella” Upgrade Stir Market as AAVE Tests Technical Support

Umbrella reshapes Aave staking - Blockworks

This is a segment from the 0xResearch newsletter. To read full editions, subscribe. Aave’s new Umbrella staking system went live yesterday, replacing the protocol’s once-theoretical insurance model with an onchain, automated safety net tied directly to individual assets.  The USDC and USDT vaults currently have yields greater than 10% on offer. But for GHO — Aave’s bespoke stablecoin — a mismatched reward structure is creating an odd dynamic for…

Umbrella reshapes Aave staking

Real-time slashing, isolated vaults and a yield tug-of-war between sGHO and stkGHO.

Whale Accumulation and Aave’s “Umbrella” Upgrade Stir Market as AAVE Tests Technical Support

Two whales bought ~$7.5M in AAVE with leveraged loans on June 6, per Lookonchain. Aave launched “Umbrella,” a new risk-management system to replace its Safety Module. AAVE price dropped ~5% to ~$250, testing critical Bollinger Band support near $255. According to on-chain tracker Lookonchain, two high-profile whales collectively purchased 29,739 AAVE tokens worth approximately $7.5 million on June 6.  One wallet (0x372c) reportedly borrowed $5 m…

Aave Activates Umbrella Safety Module

Aave has rolled out the Umbrella Safety Module, a major upgrade to its earlier safety system and a key change to how the $AAVE token works within the protocol.Back in 2020, Aave launched its first Safety Module. It let $AAVE holders and $AAVE/WETH Balancer LPs stake their tokens to earn extra rewards, while also taking on the risk of slashing to help cover potential losses in the system. At the time, this was a big step forward and helped secure…