Aave on fire, as world’s biggest DeFi lending protocol gains momentum

[Mahindra]

The crypto company is launching Aave Pro, which will support and enable segregated permission pools of ‘whitelisted people that have passed Know Your Customer (KYC) checks. This further removes one of the key obstacles for regulated institutions participating in decentralized finance.
Though the Defi crypto has lost about half of its value after a meteoric rise over April and May with the price reaching record highs of $650 in mid-May, recent price actions reveal recovery is definitely underway.
Investors will be watching the next resistance level for AAVE that will theoretically be around the $350 mark which if broken, could signify another push up to the $400 price levels.
The crypto asset’s business entity in the United Kingdom has been issued an Electronic Money Institution (EMI) license, permitting its users to move from traditional currencies to stablecoins and other digital assets natively in its Ecosystem and then use these assets in the Aave Protocol. others info