In April 2026, a $292 million exploit on KelpDAO’s LayerZero bridge triggered a massive withdrawal of $8.45 billion from Aave within 48 hours, marking the largest liquidity crisis in DeFi history. The crisis forced an emergency bailout of $300 million, including 25,000 ETH from the Aave DAO and 5,000 ETH personally from founder Stani Kulechov, to prevent insolvency. Kulechov defended the protocol's resilience but acknowledged the flaw originated from third-party dependencies, not Aave's core code. To address these vulnerabilities, Aave plans a major V4 upgrade introducing a modular star system to isolate risks and prevent future contagion, though questions about insurance coverage remain.
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 ...
