Babylon, a Bitcoin staking protocol, has secured over $5 billion in staked Bitcoin, allowing users to stake BTC natively on Bitcoin's network and earn yield by helping secure Proof-of-Stake chains. Through a new partnership with Aave, users can now borrow stablecoins against their locked BTC without wrapping, bridging, or giving up custody, unlocking new borrowing options in decentralized finance. Babylon's approach keeps BTC on its native chain, offering unique utility and security compared to wrapped BTC products, though investors should consider smart contract and staking risks. This integration marks a significant step in expanding Bitcoin's DeFi capabilities while maintaining user control over assets.
Following a $290 million exploit of the KelpDAO rsETH bridge in April, Aave founder Stani Kulechov announced a new risk framework for the protocol. This framework introduces four key layers: Asset Risk, Bridging Risk, Automated Risk Oracles and Monit...
Mastercard introduced Agent Pay for Machines (AP4M), a new program allowing AI agents to autonomously conduct high-speed, low-cost payment transactions. Supported by over 30 partners including Aave, Coinbase, OKX, Polygon, Ripple, and Solana, AP4M co...
After a $292 million exploit in April that drained rsETH via a single-verifier bridge, Aave is implementing a new four-layer risk framework across its platforms. Key changes include requiring at least three independent verifiers for any bridge route,...
Following the $292 million KelpDAO bridge exploit in April, Aave founder Stani Kulechov announced a new four-layer risk framework designed to improve security across Aave V3, V4, and Horizon. The framework, prepared by LlamaRisk, includes mandatory m...
Following a $290 million breach of the KelpDAO rsETH bridge, Aave has introduced a comprehensive risk management framework to strengthen security across its lending platform. The new protocol sets unified standards for asset security, bridge vulnerab...
