Mantle network has proposed a credit line of up to 30,000 ETH (worth $70-105 million) to support Aave in managing bad debt caused by a $292 million hack on Kelp DAO's cross-chain bridge. The stolen rsETH tokens were used as collateral on Aave, leading to unliquidatable positions and estimated losses between $124 million and $230 million. Mantle’s loan would be structured with interest and secured by Aave governance tokens and future revenues, aiming to stabilize the protocol without diluting its treasury. This move is part of a broader DeFi coalition effort to restore stability and could set a precedent for coordinated crisis response in decentralized finance.
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 ...
