Solv Protocol is moving over $700 million in tokenized Bitcoin assets from LayerZero bridges to Chainlink CCIP after reviewing security risks highlighted by recent DeFi bridge exploits, including the Kelp DAO rsETH hack. This migration affects SolvBTC and xSolvBTC tokens used across Solv's Bitcoin finance products and involves phasing out LayerZero support on several chains. The move reflects growing caution in DeFi about single-verifier bridge vulnerabilities and aims to enhance security while maintaining cross-chain functionality. The Kelp DAO dispute and ongoing Aave recovery efforts underscore the broader risks in cross-chain bridges, making Solv's switch a key example of shifting infrastructure choices in DeFi.
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 ...
