Following a 163,200 ETH shortfall incident on April 18, Kelp and Aave coordinated recovery efforts for rsETH holders. Kelp recovered about 43,000 ETH, and the Arbitrum Security Council secured 30,700 ETH, reducing the gap significantly. Partners including Mantle, EtherFi, Lido, and Golem pledged 43,500 ETH to help close the remaining 89,500 ETH shortfall. Recovery efforts continue with ongoing partner discussions and formalization of contributions, prioritizing rsETH holders' interests.
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...
