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.
Since September 9, 2026, borrowing USDe to convert into sUSDe and stake it on Aave has become unprofitable, as borrow rates (6.02%-6.39%) now exceed the staking yield (5.01%). This change followed a governance recommendation that raised the USDe base...
Cryptocurrency prices exhibit a range of changes, with Ethereum (ETH) rising over 7% and NEAR gaining more than 9%. Bitcoin (BTC) increased nearly 2%, while several altcoins like Binance Coin (BNB), Ripple (XRP), and Cardano (ADA) also posted gains. ...
Aave Labs has introduced a Model Context Protocol (MCP) server that allows AI applications to access real-time data from Aave V3 and V4 protocols across 21 blockchains. This non-custodial server provides about 40 tools for market data, risk simulatio...
KelpDAO's cross-chain bridge was exploited on April 18 due to a critical vulnerability: it relied on a single verifier to authenticate transactions. Attackers drained 116,500 rsETH (about $292 million) by forging transaction messages, causing over $1...
