A coalition of five DeFi protocols, including Aave Labs and KelpDAO, filed a proposal asking Arbitrum DAO to release 30,765.67 ETH frozen following the April 18 KelpDAO rsETH bridge exploit. The exploit caused a shortfall in rsETH backing, impacting Aave V3 Arbitrum users, and the frozen ETH represents a significant step toward covering this deficit. If approved, the funds will be transferred to a multisignature wallet controlled by the involved parties for remediation, with a governance process expected to take about 49 days. No new treasury funds are requested, and Aave Labs has committed to indemnify Arbitrum entities against related claims.
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...
