AAVE's price plunged over 20% after a KelpDAO rsETH exploit triggered massive whale selling of more than $6 million in AAVE tokens. The exploit caused Aave's ETH pool to reach 100% utilization, locking depositors out of withdrawals and prompting a $5.4 billion ETH outflow, including a large withdrawal by Justin Sun. The Aave team confirmed the issue is contained to the V3 ETH market, with measures taken to freeze rsETH reserves and reduce ETH loan-to-value ratios. The situation raises concerns about liquidity and borrowing costs, but other assets and V4 markets remain unaffected.
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...
