Mantle Network proposed lending 30,000 ETH to Aave DAO to help cover a $221 million bad debt caused by a Kelp DAO exploit. Attackers minted 116,500 rsETH tokens fraudulently and used them as collateral on Aave V3 to borrow WETH and wstETH, creating the debt. The loan would be interest-bearing, secured by collateral including Aave tokens and protocol revenue, with a term up to 36 months. This support aims to stabilize Aave after the largest DeFi exploit of the year so far.
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...
