Kelp DAO announced it will migrate its rsETH token to Chainlink's Cross-Chain Interoperability Protocol (CCIP) following a $292 million exploit of its LayerZero-powered bridge in April, which led to the theft of 116,500 rsETH. The stolen tokens were used as collateral on Aave, causing market stress and frozen assets. Kelp DAO disputes LayerZero's claim that the hack was due to a risky 1-of-1 verifier setup, asserting LayerZero approved this configuration and was aware of its use. LayerZero's CEO denies these claims, stating the 1-of-1 setup was not recommended and that rsETH was initially configured with a safer multi-verifier setup. Meanwhile, Aave is seeking court approval to release $71 million in frozen ETH linked to the hack, arguing the funds belong to affected users, not alleged North Korean hackers. This ongoing conflict highlights security challenges in DeFi cross-chain protocols and the legal complexities following major exploits.
Aave's deployment of its V3 protocol on the Celo blockchain has driven an 80% increase in monthly active users, according to new data tracked by Token Terminal. This growth highlights the success of Aave's mobile-first DeFi strategy on Celo, a blockc...
Aave V4 has exceeded $250 million in deposits, driven by improved capital efficiency and expanded lending options, signaling strong adoption despite a tough DeFi market. While some deposits came from users migrating from V3, new capital continues to ...
Aave's new lending market on the Monad blockchain surpassed $100 million in deposits within 48 hours of launching on July 2, 2026. Monad is a high-speed, EVM-compatible Layer 1 chain known for its fast transaction speeds, making it attractive for DeF...
Aave DAO has surpassed $1 million in swap revenue, marking a new income stream beyond its traditional lending fees. This growth is driven mainly by Ethereum, with contributions from other chains like Arbitrum. User activity also surged, with new AAVE...
Aave has deployed its V3 lending protocol on the Monad Layer 1 blockchain, supporting a dozen digital assets including USDT, USDC, and GHO stablecoin. This launch integrates Chainlink’s Smart Value Recapture to enhance protocol revenue and liquidity....
