Demex Daily #254: Grayscale Launches Aave Trust for Investor Access to AAVE Token

What’s Interesting Today:

Grayscale Investments has launched the Grayscale Aave Trust, offering investors exposure to AAVE, the governance token of the Aave decentralized lending platform. The Trust allows users to engage in transparent borrowing and lending through self-executing smart contracts, eliminating traditional credit requirements. It is available for daily subscription by accredited investors and functions like Grayscale’s other single-asset investment trusts. Grayscale emphasizes that investing in the Trust involves significant risks, including potential loss of investment and market volatility. The Aave protocol, established in 2017, aims to revolutionize traditional finance by reducing reliance on intermediaries.

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Axelar has launched the Mobius Development Stack (MDS), an open interoperability platform for decentralized applications designed to support thousands of heterogeneous blockchains. MDS introduces a new interoperability standard featuring advanced token utility, enhanced security, and scalability. The platform is now live on the mainnet, with upcoming Layer 1 launches including Flow, Hedera, Solana, Sui, and XRP Ledger. Sergey Gorbunov, CEO of Interop Labs, noted that MDS represents a significant advancement in blockchain architecture.

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