Aave and several partners have submitted a governance proposal to the Arbitrum DAO requesting the release of 30,765.67 ETH frozen by the Arbitrum Security Council following an April 18 rsETH exploit. The frozen ETH would be used in a coordinated recovery effort to restore backing for rsETH and reduce losses for affected DeFi users. The proposal, now open for community feedback, outlines a 49-day governance process before any ETH release. If approved, the funds will be controlled by a multisig wallet managed by Aave Labs, KelpDAO, and Certora, aiming to improve collateralization and user outcomes across protocols.
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...
Aave has deployed its V4 lending protocol on Avalanche, marking its first expansion outside Ethereum. This launch focuses on institutional lending backed by tokenized real-world assets, using a new Hub and Spoke architecture to enable specialized cre...
Aave V4 has launched on Avalanche, marking its first expansion beyond Ethereum and introducing specialized lending markets for tokenized real-world assets like US Treasuries and corporate bonds. This new Hub-and-Spoke architecture allows institutions...
Aave founder Stani Kulechov announced the deployment of Aave V4 on Avalanche, supported by a $15 million incentive package to boost tokenized real-world asset (RWA) growth. The new V4 architecture isolates risk across separate liquidity hubs, enablin...
