- SEBA submits a proposal to Aave Governance to bring liquidity from institutional clients to Aave’s DeFi platform.
- The Switzerland based bank believes that Aave Arc offers DeFi yields while complying with regulatory requirements.
- Analysts have predicted that Aave price could continue its uptrend till DeFi winter starts.
Switzerland-based bank SEBA is keen on bringing institutional clients to the new DeFi platform Aave Arc. SEBA has submitted a proposal to Aave Governance for the same. The DeFi protocol’s token AAVE rose strongly on the news.
Institutional clients prepare to pour liquidity into Aave
DeFi is at the centre of Swiss Bank SEBA’s strategy for its institutional clients from Switzerland. The bank is aware of the rising demand for Aave from institutional investors and is prepared to offer access to new opportunities in DeFi through Arc.
SEBA recently integrated DeFi tokens, including Aave, into its proprietary cold-storage solution. SEBA’s vision is that Aave Arc will fulfill the requirements of its institutional clients.
The Swiss bank is well suited to take on responsibilities relating to regulation and KYC/ Anti-money laundering. SEBA operates under the supervision of the Swiss Financial Market Supervisory Authority (FINMA).
SEBA can offer market participants significant value as it is a fully regulated digital asset bank.
Analysts are bullish on Aave protocol’s token AAVE. AAVE has posted over 8% gains over the past 24 hours. SEBA’s announcement fueled a bullish narrative for the token.
@venturefounder, a cryptocurrency analyst recently tweeted about Aave’s tokenomics. The DeFi governance token started off with one of the strongest tokenomics compared to the rest.
Two charts tell an interesting story - the importance of #tokenomics:
— venturefoundΞr (@venturefounder) December 19, 2021
As a #DEFI governance token, $AAVE had one of the strongest tokenomics originally. Strong exchange outflow (buying) until Aug 2021, when $ETH started #EIP1559 & traditional tokenomics had no longer compete. pic.twitter.com/hofXJhLj16
Aave has outperformed its competitors over the past two months and analysts have predicted a continuation of the uptrend.
$AAVE - Just had to be patient, back in profit on this hold. Gave a good opportunity to add some more before #DefiWinter starts. pic.twitter.com/8KVgjw9xr8
— IncomeSharks (@IncomeSharks) December 18, 2021
Analysts have evaluated Aave’s price trend and predicted that the DeFi token has rallied through resistance and is ready to hit a new all-time high above $661.69.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
XRP funding rates flashes negative, eyes $2.17 following 4% decline
Ripple's XRP declined 4% on Friday following a decline in its funding rates. The remittance-based token could decline to test the $2.17 support level if the crypto market decline extends.
Pro-crypto Senator Lummis likely to chair potential crypto subcommittee
In a post on Thursday, Fox Business reporter Eleanor Terret unveiled the Senate Banking Committee's latest plan to kick off a new subcommittee committed to crypto, likely to be headed by Bitcoin strategic reserve advocate Senator Cynthia Lummis.
Lack of Bitcoin allocation could be risky for nations in 2025: Fidelity
Fidelity Digital Assets' Look Ahead report for the crypto market in 2025 highlights key trends expected for the year, including increased Bitcoin adoption by governments worldwide, broader use cases for stablecoins and more app blockchain launches.
Crypto Today: BTC traders hold $90K support as SUI, LTC, TIA see green
The cryptocurrency market’s losing streak entered its third day; aggregate market cap declined 10.9% to hit $3.1 trillion. Bitcoin price stabilized around the $91,800 area as bulls moved to avoid further downside.
Bitcoin: 2025 outlook brightens on expectations of US pro-crypto policy
Bitcoin price has surged more than 140% in 2024, reaching the $100K milestone in early December. The rally was driven by the launch of Bitcoin Spot ETFs in January and the reduced supply following the fourth halving event in April.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.