LayerZero Labs is donating 5,000 ETH and depositing another 5,000 ETH into Aave to support the DeFi United recovery effort following the $292 million Kelp DAO exploit. The hack involved a sophisticated RPC-poisoning attack that forged cross-chain messages, releasing unbacked rsETH and causing significant bad debt on Aave. DeFi United has raised over $300 million from various protocols and individuals to restore rsETH backing and stabilize the market. LayerZero also plans to collaborate with Aave and others to improve Omnichain Fungible Token design for lending markets, signaling a broader commitment to DeFi ecosystem resilience.
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...
Aave has launched its V4 protocol on the Avalanche blockchain, marking its first expansion beyond Ethereum. This move aims to accelerate lending for tokenized real-world assets such as US Treasuries, money market funds, private credit, and corporate ...
