A New York federal judge postponed ruling on Aave's request to release $71 million in frozen Ethereum tied to the Kelp DAO exploit, citing insufficient explanation on potential user losses. The court ordered both Aave and Gerstein Harrow LLP to submit additional legal briefs by May 22 ahead of a June 5 hearing. The frozen 30,765 ETH was seized after being linked to a hack exploiting Kelp DAO's LayerZero bridge, which led to significant DeFi market losses. The judge also raised questions about ownership rights, creditor priorities, and the feasibility of distributing funds to victims, while allowing certain governance actions to proceed under restrictions.
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...
