On April 18, 2026, an attacker exploited a minting flaw in KelpDAO's rsETH liquid restaking token, draining over $280 million across Ethereum and Arbitrum DeFi protocols. The attacker created inflated rsETH without collateral, deposited it into Aave V3 lending markets, and borrowed large amounts of ETH and other assets, leaving Aave with bad debt. This caused AAVE token prices to drop 10-13%. The attacker used Tornado Cash to obscure fund origins. KelpDAO has not yet confirmed the exploit, and analysts continue tracking attacker wallets for fund recovery. This incident highlights risks in liquid restaking tokens used as collateral across multiple platforms.
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...
Aave V4 has launched on Avalanche, marking its first expansion beyond Ethereum and introducing specialized lending markets for tokenized real-world assets like US Treasuries and corporate bonds. This new Hub-and-Spoke architecture allows institutions...
