KelpDAO has contributed 2,000 ETH from its treasury to the DeFi United recovery plan led by Aave, aiming to restore the peg of rsETH after a $292 million exploit on April 18. DeFi United, supported by major ecosystem players like Mantle, Consensys, and LayerZero, has raised over $300 million to recapitalize the affected markets and repair the system. The exploit drained a significant portion of rsETH supply and caused bad debt across protocols, but this funding effort is expected to help restore normal operations and peg stability. KelpDAO pledged ongoing updates as the recovery progresses.
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...
Aave founder Stani Kulechov announced the deployment of Aave V4 on Avalanche, supported by a $15 million incentive package to boost tokenized real-world asset (RWA) growth. The new V4 architecture isolates risk across separate liquidity hubs, enablin...
