Aave's risk manager outlined two scenarios following a $293 million exploit of Kelp DAO's rsETH tokens, which were stolen and used as collateral on Aave V3. The first scenario spreads $123.7 million in bad debt across all rsETH holders, risking a 15% depeg of rsETH from ETH but is cheaper. The second scenario concentrates $230.1 million in losses on Ethereum layer 2 networks, protecting the mainnet but at a higher cost. Kelp DAO is assessing the damage and working with Aave, LayerZero, and others to find a resolution. This incident highlights the contagion risks in DeFi from bridge exploits, causing liquidity issues and withdrawals in interconnected protocols like Aave.
Stable blockchain posted the highest 30-day TVL growth at 19.7%, though its DeFi TVL remains modest at $33M with much capital bridged but not deployed. Monad's TVL surged to $621M, driven by Aave V3 launching on July 2, 2026, attracting over $100M in...
Aave has deployed its latest V4 lending protocol on the Avalanche blockchain, marking the first time this version runs outside Ethereum. This launch extends Aave's new Hub and Spoke architecture to Avalanche, where older V3 markets already exist. Whi...
Aave has deployed its V4 lending platform on the Avalanche blockchain, marking its first expansion beyond Ethereum. This upgrade introduces a Hub & Spoke framework allowing decentralized liquidity sharing with independent risk management, aimed at su...
Aave DAO has proposed an innovative mobile app that integrates fiat currency deposits, self-custody, and decentralized finance (DeFi) lending in one platform. This app allows users to convert fiat to stablecoins and earn yields without needing extern...
Monad has increased its weekly incentives to $75,000 to support liquidity for Agora's AUSD stablecoin on its blockchain. AUSD is a US dollar-backed stablecoin managed by VanEck, with reserves in cash and US Treasury bills. This move follows Monad's r...
