Pendle Finance has launched a new USDG yield market on OKX's XLayer, a zkEVM Layer 2 network, allowing users to lock in fixed returns on the regulated Paxos-backed stablecoin USDG. This market, maturing in October 2026, uses Pendle's tokenization model splitting assets into Principal Tokens (PT) for fixed returns and Yield Tokens (YT) for variable yield speculation. The move expands Pendle's multi-chain presence and leverages XLayer's low transaction costs to attract OKX users. Exclusive incentives and a planned Aave integration are expected to boost rewards, making fixed-income DeFi strategies more accessible, especially for smaller investors avoiding high Ethereum gas fees.
Aave V4, the latest version of the Aave lending protocol, has surpassed $400 million in total deposits just months after its May 2026 launch, doubling multiple times since then. This milestone reflects strong user adoption driven by V4's new Liquidit...
Ethereum core developers face criticism for allegedly deleting about 50 comments opposing the staking rewards cap proposal (EIP-8363), which currently has only 3% validator support. Critics argue the proposal, which caps staking rewards if 50% of ETH...
The stablecoin market cap increased by $1 billion on the TRON network last week, outpacing other chains significantly. This growth, led by issuers like United Stables, reflects rising demand for liquidity in the crypto market. Despite this, stablecoi...
Major cryptocurrencies saw price declines, with Bitcoin dropping 2.1% to $63,925 and Ethereum falling 2.8% to $1,873.93. Other notable coins like Binance Coin and Solana also declined, reflecting a broad market pullback. Stablecoins remained steady n...
Aave suffered approximately $195 million in bad debt after an attacker exploited a KelpDAO cross-chain bridge hack that minted $292 million worth of unbacked rsETH tokens. These tokens were used as collateral to borrow $190 million in assets on Aave,...
