The native token of decentralized finance lending protocol Aave, AAVE, has experienced a 12% surge in price following a proposal to integrate a new Chainlink oracle. The proposal suggests integrating Chainlink's Smart Value Recapture (SVR) system into Aave's protocol to capture profits generated from liquidations and distribute them more fairly among participants. This proposal has driven an increase in AAVE's trading activity, with its value climbing by double digits in the past 24 hours. Additionally, AAVE's open interest, a measure of outstanding contracts, has risen by 32%, indicating strong market confidence. AAVE is currently below its three-year high of $399.85 but could break through this resistance if buyers continue to accumulate. However, if selling pressure increases, the bullish outlook may be invalidated, potentially causing AAVE's price to fall to $323.46.



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