The DeFi Loan Agreement Aave LEND has jumped 1,600% since the start of the year, hitting a record high against BTC
Smart BlockBeats - Eitfir-based DeFi Loan agreement Aave announced July 15 that cryptoinvestment fund Three Arrows Capital and Framework Ventures purchased LEND worth approximately $3 million to help extend the reach of the agreement. The LEND/BTC exchange rate hit a record high on the news.
& have spent
LEND prices jumped by 1,600% in 2020
& have spent
Like most other DeFi protocols, LEND saw significant growth during 2020. LEND was around $0.015 at the start of the year and has since taken on a parabolic rise, with the price soaring to the current $0.26, an increase of more than 1,600%. That makes LEND one of the best performing digital assets of the year, and the vast majority of those gains have come in the past two months. While Aave's LEND scrip is still below its early 2017 high of $0.40, it is trading at a record high against BTC.
& have spent
Aave offers new investment opportunities for multiple strategic investors
& have spent
Framework Ventures and Three Arrows Capital are both involved in a $3 million funding round at a cost of $0.10 /LEND, According to Rhythm BlockBeats. It is understood that the two companies will work together in a number of areas, including the introduction of a new scrip economy model that includes equity consolidation, liquidity incentives and new smart contracts. The money will also be widely used to manage Aave.
& have spent
Speaking of strategic investors, Aave CEO and founder Stani Kulechov explained that the two companies will "bring a lot of expertise" to help expand Aave's scale. The news was greeted positively by Lend investors, with the price of tokens soaring 20% in the last 24 hours alone.
Welcome to join the official BlockBeats community:
Telegram Subscription Group: https://t.me/theblockbeats
Telegram Discussion Group: https://t.me/BlockBeats_App
Official Twitter Account: https://twitter.com/BlockBeatsAsia
Related Articles
