A hacker stole over $290 million from the Kelp DAO ecosystem on Ethereum and Arbitrum by exploiting a key compromise in the rsETH cross-chain bridge. The attacker used stolen rsETH as collateral to borrow Wrapped Ethereum, accumulating over 106,400 ETH worth nearly $250 million. Lending platforms like Aave froze rsETH markets to contain the damage, causing AAVE token price to drop about 18%. Aave confirmed its core contracts were not breached and emergency measures are ongoing to prevent further losses.
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 ...
Aave has expanded its use of Chainlink's Cross-Chain Interoperability Protocol (CCIP) to become the default infrastructure for all cross-chain activities within its ecosystem. This integration now supports deposits, withdrawals, Stable Vaults, GHO st...
Aave has chosen Chainlink's Cross Chain Interoperability Protocol (CCIP) as its default infrastructure to support cross-chain activities across its ecosystem, including the Aave App, GHO stablecoin transfers, Stable Vaults, and governance execution. ...
