DeFi protocols muster tens of thousands of ETH to shore up Aave
Aave has joined leading DeFi platforms to stabilise markets after the Kelp attack, launching DeFi United.Aave is a lending DeFi protocol that allows borrowing and lending of crypto assets with variable and stable interest rates.
DeFi protocols muster tens of thousands of ETH to shore up Aave
Aave has joined leading DeFi platforms to stabilise markets after the Kelp attack, launching DeFi United.
Aave Experiences Over $16 Billion in Deposit Outflows in Days
Following the Kelp hack, deposits in the leading lending protocol Aave dropped by 35% — from $45.8 billion to $29.6 billion, noted on-chain analyst EmberCN.
Kelp Hack Triggers $15 Billion Withdrawal from Aave
In the three and a half days following the Kelp hack, users of the Aave lending protocol withdrew $15.1 billion.
Arbitrum freezes 30,766 ETH amid probe into Kelp hack
Arbitrum’s Security Council took “emergency measures” and froze 30,766 ETH (~$71.2m) stolen from the Kelp protocol.
No safe harbours left in DeFi? Lessons from Aave and Kelp
What is happening to a protocol once seen as a safe harbour in decentralised finance.
Investors pull more than $8.6bn from Aave after Kelp hack
Over two days Aave’s TVL plunged from $26.3bn to $17.7bn, according to DefiLlama.
Study: Aave V3 Avoids Bad Debts at Borrowers’ Expense
The mechanisms of the lending DeFi protocol Aave version V3 have prevented the formation of bad debts, though this has resulted in significant losses for borrowers. This conclusion was reached by analysts at the Bank of Canada.
Aave Team Launches Fourth Version of Protocol
The developers of the DeFi protocol Aave have launched version V4 of the platform on the Ethereum mainnet.
Aave Founder Predicts Convergence of DeFi and Traditional Finance
Co-founder of Aave Labs, Stani Kulechov, commented on recent governance conflicts within the protocol and shared his views on the future of the DeFi sector.
Aave to Boost Stablecoin Yields by 25%
With the V4 update, the Aave protocol will begin automatically directing unused liquidity into low-risk strategies.We use cookies to improve the quality of our service.
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