Aave founder Stani Kulechov announced a plan to restore the rsETH token's backing ratio to 1.07 ETH and recover stolen funds following an April 18 exploit that released 116,500 rsETH through a bridge vulnerability. The recovery involves two tracks: replenishing rsETH backing via tranched ETH deposits and liquidating eight compromised positions on Aave and Compound. This coordinated effort, led by Defi United and now including Compound, aims to recover over 29,000 ETH locked in exploiter positions while minimizing losses for the protocol and users. Governance approvals and careful execution are required to complete the process and secure the DeFi ecosystem.
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...
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...
