A U.S. judge has authorized the transfer of about 30,765 ETH, valued at $71 million, to Aave's wallet, resolving the final legal hurdle in recovering funds after the April 18 KelpDAO exploit. Attackers had borrowed $230 million in ETH using unbacked rsETH as collateral, causing a major DeFi crisis. The ruling also protects governance voters from legal liability, allowing the recovery plan to recapitalize the rsETH bridge and restore normal loan-to-value ratios on Aave. This marks a significant step in one of DeFi's most complex recovery efforts.
Aave has deployed its latest V4 lending protocol on the Avalanche blockchain, marking the first time this version runs outside Ethereum. This launch extends Aave's new Hub and Spoke architecture to Avalanche, where older V3 markets already exist. Whi...
Aave has deployed its V4 lending platform on the Avalanche blockchain, marking its first expansion beyond Ethereum. This upgrade introduces a Hub & Spoke framework allowing decentralized liquidity sharing with independent risk management, aimed at su...
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...
