After a hack on April 18, Kelp DAO and Aave have made significant progress in recovery by burning 17,132 stolen rsETH tokens on Arbitrum. This action restores full backing of rsETH and allows withdrawals to resume within 24 hours. Both protocols have also enhanced security measures, including stricter verification and bridging protocols, to prevent future breaches. While market liquidity has stabilized, total deposits on Aave remain below pre-hack levels, signaling cautious investor sentiment.
Bitcoin bounced back from its lowest level since September 2024, trading near $59,700 after dipping to around $58,100. Meanwhile, ether continued to decline, holding near $1,550, and U.S. equity futures showed signs of weakness. Market stress is evid...
Exchanges are considering whether to build their own decentralized finance (DeFi) lending platforms or buy into existing ones, highlighted by Kraken's talks to acquire a 15% stake in Aave, a major DeFi lender valued around $385 million. This move ref...
Kraken's parent company Payward is reportedly in talks to acquire a 15% stake in Aave, valuing the DeFi protocol at $385 million. However, Aave founder Stani Kulechov rejected the reported valuation and terms, stating the deal as described is inaccur...
Aave co-founder Stani Kulechov refuted claims that AAVE tokens were being sold at a 70% discount, calling such reports inaccurate. He confirmed that 100% of revenue from Aave Protocol, GHO, and all product streams goes directly to AAVE token holders ...
Aave founder Stani Kulechov denied reports that Aave would sell AAVE tokens to Kraken at a 70% discount, clarifying that such a sale would not happen. He confirmed ongoing discussions about long-term strategic partnerships involving Aave Labs' token ...
