DeepBook faced a $239,700 bad debt event in its USDC margin pool on May 9 due to rapid collateral value drops during volatile market conditions. The protocol paused margin trading quickly to prevent further losses, maintaining solvency through its insurance fund and avoiding user losses. This incident highlights the fragility of leveraged DeFi systems under fast market swings and the challenges of liquidation speed. While DeepBook contained the issue within its $16 million liquidity ecosystem, repeated stress events may impact user confidence in leveraged on-chain trading.
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...
