Lido Labs has requested its DAO to approve the allocation of up to 2,500 stETH, valued at about $5.8 million, to help mitigate the shortfall caused by the recent Kelp rsETH exploit. This exploit led to significant bad debt and liquidity stress across multiple DeFi platforms, including Aave, which saw a nearly $8 billion drop in total value locked. The proposed stETH allocation is part of a broader recovery plan involving multiple stakeholders, as the total deficit exceeds 100,000 ETH. Other DeFi projects like EtherFi and Aave have also pledged support, highlighting a coordinated effort to limit user losses and stabilize the ecosystem. The incident has reignited concerns about DeFi security and the risks of centralized control points within decentralized systems.
Aave has deployed its latest V4 lending protocol on the Avalanche blockchain, marking the first time this version runs outside Ethereum. This launch extends Aave's new Hub and Spoke architecture to Avalanche, where older V3 markets already exist. Whi...
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...
