MantleCore Submits Draft MIP-34 Proposal for Aave DAO Loan
- Proposal Overview: MantleCore's draft MIP-34 is currently under discussion, proposing to authorize the Mantle Treasury to lend up to 30,000 ETH to Aave DAO in response to the rsETH exploit by KelpDAO, highlighting Mantle's commitment to cross-protocol collaboration.
- Financial Impact: If approved, this would represent a significant financial commitment from the Mantle Treasury to another protocol, reflecting the DAO's capital allocation priorities and potentially influencing future funding flows and inter-protocol trust.
- Security Coordination: Mantle has confirmed its network security and is coordinating recovery efforts with Aave, indicating that MIP-34 is part of a broader cross-protocol response to the rsETH incident, underscoring the interconnectedness of the DeFi ecosystem.
- Governance Dynamics: The proposal's progression will serve as a key indicator of how the Mantle community evaluates inter-protocol financial commitments, particularly following security incidents, and how they handle similar offers like Lido's stETH support will shape future governance standards.
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Technical Analysis for AAVE
Technical Sentiment Analysis for Aave (AAVE). As of , Aave (AAVE) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 1 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AAVE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, AAVE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Aave (AAVE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 82.206 | 86.623 | 89.956 | 94.373 | 97.706 | 102.123 | 105.456 |
| Fibonacci | 86.623 | 89.584 | 91.413 | 94.373 | 97.334 | 99.163 | 102.123 |
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