Aave V3 Boosts USDC Rates Post Exploit
Circle’s Chief Economist proposes raising USDC’s Aave V3 Slope 2 rate to 50% after a $292M KelpDAO exploit drained liquidity. AAVE token fell 20-26%.
Aave
Stablecoins Surge Amid Aave Crisis KelpDAO Hack
$10 billion exited Aave post-KelpDAO breach, shifting liquidity to Spark protocol (+10% TVL) and stablecoins like $USDC as safe havens. RWA platforms and liquid staking also gained. #Update #Crypto $USDC
Aave Faces $230 Million Losses After Exploit
The Kelp DAO and LayerZero bridge exploit could result in Aave facing up to $230 million in losses, prompting immediate risk containment measures. $AAVE #Update #DeFi
Ethereum Markets Hit by Kelp rsETH Hack
An attacker exploited Kelp’s Layerzero V2 bridge, minting 116,500 rsETH, causing $123.7M-$230.1M in bad debt across markets. Aave DAO treasury holds $181M. #Breaking #Crypto #AAVE
LayerZero Blames Kelp Setup for Aave Exploit
@LayerZero claims Kelp DAO’s exploit, resulting in a $290 million loss, stemmed from a single verification path in its decentralized verifier network. Aave’s TVL dropped by $8.9 billion amid fallout. #Breaking #Crypto $AAVE (-8) ↘
Aave Approves $25M Grant for Labs
Aave’s DAO approves a $25M stablecoin grant and 75,000 AAVE token allocation to Aave Labs under the “Aave Will Win” framework, aiming to enhance protocol growth. #Update #DeFi $AAVE
Binance Sees Aave Supply Surge
Aave faces selling pressure as BGD Labs and Chaos Labs exit, leading to increased exchange reserves and a breach of the 90-day moving average. #Update #Crypto $AAVE
Aave Loses Chaos Labs as Risk Provider
@ChaosLabs has exited the Aave ecosystem after three years due to budget disputes and risk management disagreements, despite a proposed $5M retention offer. Aave will transition to @LlamaRisk for risk management. #Update #Crypto $AAVE
Aave Loses Key Risk Manager Amid Exodus
@Aave loses key risk manager Chaos Labs amid contributor exodus, raising operational risks as protocol transitions. CEO Omer Goldberg cites fundamental misalignment with Aave’s evolving strategy. #Update #Crypto $AAVE
Aave Shifts Risk to Borrowers Avoiding Bad Debt
A Bank of Canada study found @Aave’s V3 had zero non-performing loans in 2024, relying on overcollateralization and automated liquidations, but shifting risks to borrowers. #Update #DeFi $AAVE
Ethereum Launches Aave V4 on Mainnet
@Aave has launched Aave V4 on the Ethereum mainnet, featuring a new Hub and Spoke architecture for centralized liquidity and simplified market creation. Security audits involved multiple firms. #Update #DeFi $AAVE
Ethereum: Aave Launches V4 Shared Liquidity
Aave Labs launched Aave V4 on Ethereum mainnet, introducing a hub and spoke model for scalable onchain lending after extensive audits. #Update #DeFi $AAVE
Ethereum Aave V4 Launches After Governance Vote
@Aave’s V4 has launched on Ethereum following a governance vote, introducing Aave Pro for advanced users and integrating Chainlink for oracle data in V4 markets. #Update #DeFi $AAVE
Ethereum Lending Giant Aave Launches on OKX
@Aave launches on OKX’s X Layer, enabling users to lend and borrow without bridging. Aave surpasses $1 trillion in cumulative lending volume, holding $23.5 billion in total value locked. #Update #DeFi $AAVE