Aave is legally challenging a restraining notice that blocks the transfer of 30,766 ETH (worth about $292 million) stolen in the recent Kelp DAO hack. The notice was filed by Gerstein Harrow LLP, which claims its clients are owed over $877 million from North Korea-related judgments and argues the stolen funds fall under this liability. Aave counters that stolen assets cannot establish legal ownership and that the alleged North Korea link is unproven. The dispute affects victims awaiting compensation and could impact the broader DeFi ecosystem, with a vote ongoing to decide fund release by May 7.
Aave DAO has surpassed $1 million in swap revenue, marking a new income stream beyond its traditional lending fees. This growth is driven mainly by Ethereum, with contributions from other chains like Arbitrum. User activity also surged, with new AAVE...
Aave has deployed its V3 lending protocol on the Monad Layer 1 blockchain, supporting a dozen digital assets including USDT, USDC, and GHO stablecoin. This launch integrates Chainlink’s Smart Value Recapture to enhance protocol revenue and liquidity....
Aave V3, the leading decentralized lending protocol, has been deployed on Monad, a high-performance EVM-compatible blockchain. This expansion signals Monad's readiness for serious DeFi activity and offers Aave a first-mover advantage in a growing eco...
Aave has deployed its V3.7 lending protocol and native GHO stablecoin on Monad, a high-throughput Layer 1 blockchain, supported by $15 million in incentives from the Monad Foundation to encourage liquidity and adoption. The deployment includes 12 ass...
Aave V4 has launched its Global Dollar Hub, a new liquidity hub centered on the regulated stablecoin USDG issued by Paxos. Users can deposit PT-USDG principal tokens as collateral to borrow USDC and USDT, enabling fixed-rate stablecoin borrowing. Thi...
