Babylon Labs proposed an Aave V4 integration enabling borrowing against native Bitcoin collateral directly on the Bitcoin network, avoiding wrapped BTC, bridges, and custodians. The system uses Taproot-based vault scripts and introduces a non-transferable asset called vaultBTC to represent locked BTC collateral within Aave. Aave founder Stani Kulechov endorsed the proposal, highlighting its potential to bring billions of BTC liquidity into Ethereum DeFi markets. The proposal is under governance review and requires further audits and approvals before launch.
Aave founder Stani Kulechov outlined a 12-month plan focusing on diversifying revenue streams, expanding the GHO stablecoin, and enhancing the Aave App to benefit AAVE token holders. The protocol has generated $141 million in revenue recently, driven...
A $292 million exploit linked to LayerZero revealed significant security flaws in cross-chain bridges, prompting institutional investors to reduce exposure to weaker bridge systems. This led to a $2 billion rotation of liquidity towards more secure i...
Plasma, a Layer-1 blockchain built specifically for stablecoin payments and backed by Tether and Founders Fund, has quickly become the second largest destination for USDT0 stablecoin transfers, accumulating over $27 billion in inflows since its mainn...
MetaMask and Aave have partnered to allow MetaMask Card holders to spend Aave's yield-bearing aUSDC directly at any Mastercard-accepting merchant globally. The system converts only the amount needed at the point of sale, letting the rest of the balan...
Former Ethereum Foundation researcher Dankrad Feist proposed creating a $1 billion ETH-funded advocacy organization aimed at supporting Ethereum's price and competitive position. This comes amid a major talent drain at the Ethereum Foundation, with n...
