Aave’s community governance has voted to convert 1,600 ETH (approximately $3 million) into wsETH and rETH held in the Ethereum Collector Contract. The Aave DAO now holds 1,786 awETH in Aave v2 and 104 raw ETH in the Ethereum Collector Contract. This proposal is part of a larger goal to deploy the Ethereum Collector Contract to earn yield on existing funds. Additionally, there are upcoming events such as the Permissionless II Hackathon, Digital Asset Summit 2024, and Permissionless II. The article also mentions recent research on Frax’s stability and the creation of frxETH. Other topics covered include regulatory issues, former SEC Chair Jay Clayton’s perspective, and cryptocurrency investments.

AI Sentiment: Positive