• Orbeon Protocol (ORBN) has gained traction in the past few weeks.
• Chainlink (LINK) shared a Twitter thread explaining rules and other essential information about DeFi flash loans to its community.
• Aave (AAVE) creators wish to expand their network with a new rETH reserve.
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) has seen an increase in popularity over the past few weeks, and is available for purchase here.
Chainlink (LINK) recently informed its community about flash loans through a Twitter thread, providing details on how these loans work and what is required of borrowers. The flash loan system allows users to borrow assets without upfront collateral and pays back a small fee amount when the loan is taken out from the Chainlink liquidity pool. Currently, the price of Chainlink’s token is $6.56, representing a 3.80% drop over the day.
The creators behind Aave wish to expand their network by adding rETH as a reserve on their V3 platform. This decision was driven by the success of stETH on Aave V2, which currently holds $1.47 billion worth of deposits, along with boosting stability and liquidity within stETH itself as well as bringing more profits for Aave overall. Despite this effort, the price chart for Aave remains consistent at $78.35
In summary, Orbeon Protocol has been gaining attention lately while Chainlink provided details about DeFi flash loans through a Twitter thread and Aave wants to add rETH reserves onto its v3 platform due to successful implementation of stETH reserves on its v2 platform