Aave
Top DeFi lending protocol. Originally ETHLend.
Grayscale and CoinShares are applying traditional valuation techniques to crypto assets as institutions explore revenue-generating DeFi protocols.
Aave founder Stani Kulechov said once the proposal passes the framework will be applied across all markets and assets.
Uniswap (UNI), down 2.9% from Monday, joined Aave (AAVE) as an underperformer.
The founder of the largest DeFi platform blamed "third-party” entities for decentralized finance’s vulnerabilities, while independent data highlights severe gaps in Aave’s own risk architecture.
Aave (AAVE), down 3.9% from Monday, was also an underperformer.
An official postmortem traced the exploit to a LayerZero bridge verification failure and outlined a sweeping overhaul of Aave's asset-listing standards as DeFi risks shift beyond smart contract bugs.
Aave Labs has obtained FCA cryptoasset registration in the U.K. for its Push subsidiaries, unlocking zero-fee fiat on-ramps.
Aave Labs’ Push received FCA approval for “certain cryptoasset activities” in the UK, supporting its plans for regulated stablecoin on- and off-ramping.
Bitcoin Vault routes deposits into DeFi lending protocols, including Aave and Morpho, to generate BTC rewards.
The DeFi lending protocol reversed restrictions imposed after April’s $292 million exploit, restoring borrowing capacity across six networks as contagion fears ease.
Aave applied a temporary freeze to WETH as a precautionary safety measure in response to the exploit, alongside freezes on the rsETH and wrsETH reserves.
A New York judge has ordered supplemental briefings because Aave did not adequately outline how compounding losses could occur if the restraining notice remains in place.
Kelp DAO has burned the exploiter’s tokens and outlined a two-week plan to refill rsETH through Aave’s Recovery Guardian multisig wallet.
Kelp was exploited on April 18 for $292 million from attackers suspected to be part of North Korea's Lazarus Group.
Arbitrum delegates begin the binding governance process to transfer disputed exploit funds to Aave, while North Korean terrorism creditors continue fighting for ownership in Manhattan court
The order shields anyone who votes on the transfer from being held in violation of the freeze, though the ultimate fate of the funds remains unclear.
A Manhattan judge modified a restraining notice to let Arbitrum DAO move $71 million in frozen Ether to Aave, while preserving terrorism victims’ legal claim on the funds.
Judge Margaret Garnett allowed frozen exploit funds on Arbitrum to move to Aave, but the legal freeze follows the assets as terrorism plaintiffs continue their claim.
The credit facility would help Aave address bad debt created after the April rsETH exploit strained its WETH market.
DAO delegates approved releasing exploit-frozen ETH to an Aave-led recovery effort, though Arbitrum’s governance rules delay any transfer for at least eight days
However, a May 1 court order restricted Arbitrum DAO from moving the recovered funds, prompting Aave to file an emergency motion against it.
The lending giant is expanding its asset listing criteria beyond financial risk to include cybersecurity and architecture, and wants the rest of DeFi to follow.
Galaxy Digital’s Thaddeus Pinakiewicz noted that Aave is now only 10% short of recovering from the bad debt that hit its lending protocol after the Kelp DAO hack.
Aave required a governance process to manipulate its rsETH oracle price to generate a deficit in the attacker’s fraudulent position.
In a 30-page response filed Tuesday, attorneys for victims of three North Korea terrorism cases reframed the April 18 Aave hack as fraud rather than theft — a distinction that could give the attackers legal title to the borrowed crypto.
The filing challenges a New York restraining notice that froze ETH on Arbitrum after the rsETH exploit, with Aave arguing the funds belong to users, not North Korea judgment creditors
Aave argued that a thief doesn’t gain lawful ownership of property by stealing it and that Gerstein Harrow’s legal argument “defies logic, common sense and the law.”
A federal case over frozen crypto could determine whether DeFi recovery funds can be seized to satisfy unrelated judgments.
Aave LLC filed an emergency motion in federal court seeking to lift an order that froze ether tied to last month's Kelp DAO exploit.
Fun powers deposits, withdrawals, and settlement flows for some of crypto’s leading apps, including Polymarket, Lighter, and Aave.