Aave's chief economist Gordon Liao has proposed increasing the maximum USDC borrow rate to 50% and lowering optimal utilization to address a liquidity crunch caused by the KelpDAO rsETH exploit. The exploit pushed Aave's USDC pool to nearly 100% utilization, leaving minimal free liquidity and capped borrow rates around 14%, which failed to attract new deposits. Liao argues that much higher rates are needed to draw fresh capital and restore liquidity quickly. While some warn this could increase liquidation risks for leveraged borrowers, the proposal aims to reopen withdrawals and stabilize the market by making USDC lending more attractive to suppliers.
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...
Aave founder Stani Kulechov announced the deployment of Aave V4 on Avalanche, supported by a $15 million incentive package to boost tokenized real-world asset (RWA) growth. The new V4 architecture isolates risk across separate liquidity hubs, enablin...
