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.
Ethereum gained 2.75% for the second day, reaching $1,720, driven by positive news like a U.S.-Iran peace deal and the Strait of Hormuz reopening. Despite some concerns from rising exchange reserves, large withdrawals and whale purchases indicate str...
A major Ethereum whale with 131,000 ETH borrowed $10 million in USDe stablecoins from Aave to purchase 5,818 ETH at $1,719 each, continuing a pattern of leveraged ETH accumulation. This strategy uses DeFi leverage by borrowing stablecoins against exi...
Babylon, a Bitcoin staking protocol, has secured over $5 billion in staked Bitcoin, allowing users to stake BTC natively on Bitcoin's network and earn yield by helping secure Proof-of-Stake chains. Through a new partnership with Aave, users can now b...
