Mantle has proposed lending Aave DAO up to 30,000 ETH to help cover losses from an April 18 exploit where attackers used stolen rsETH as collateral on Aave V3, borrowing nearly $190 million in assets. The loan would come with protections including extra collateral from Aave, a share of protocol revenue, and AAVE tokens worth $11 million, plus Mantle gaining governance rights via 130,000 delegated AAVE tokens. This emergency support aims to stabilize Aave while generating yield for Mantle's treasury, though the proposal is still in pre-discussion and has not yet gone to a formal vote. Community feedback on terms like loan duration and risk exposure is currently being sought.
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...
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...
