Aave asks court to block $71 million crypto seizure tied to North Korea claims
Leading decentralized lending platform Aave has asked a U.S. federal court to block an attempt by victims of North Korean…
Tag: Aave
Aave files emergency motion to lift restraining notice on frozen ETH
Aave LLC filed an emergency motion in New York on May 4 to vacate a restraining notice served on Arbitrum…
Mantle’s 30,000 ETH loan for Aave enters vote as DeFi United tops $314m
Mantle’s proposal to lend up to 30,000 ETH to Aave’s DeFi United rsETH rescue has gone live on Snapshot, adding…
A crypto coalition releases technical proposal to save Aave users from a massive token exploit
A $300 million hole doesn’t usually come with a neat repair manual. This time, the group spearheading the Kelp DAO…
Aave Releases Technical Plan to Restore rsETH Backing as Defi United’s Coalition Expands
Key Takeaways: The recovery runs two parallel tracks, i.e., restoring rsETH’s nominal 1.07 ETH backing ratio through tranched ETH deposits,…
Babylon Backs Aave With $3 Million DeFi Commitment
Key Takeaways: Babylon Foundation deploys $3 million USDT to Aave V3 ($2 million) and V4 ($1 million) after rsETH shock.…
Curve founder pitches market-based fix for $700K bad debt in contrast to Aave bailout
Curve founder Michael Egorov has proposed a market-based fix for about $700,000 of bad debt tied to LlamaLend, Curve’s lending…
DeFi United Secures $160M as Industry Moves to Cover Aave Bad Debt Crisis
Key Takeaways: Aave froze rsETH reserves within hours of the April 18 Kelp DAO exploit, which created up to $230.1…
Arkham says Aave raised $160 million of the $200 million it needs to cover exploit damage
Lending platform Aave has raised about $160 million it needs to cover the $200 million in bad debt left behind…
Aave, Kelp seek $71M ETH release for rsETH rescue
Aave Labs, Kelp DAO, LayerZero, EtherFi, and Compound have asked the Arbitrum DAO to release 30,765.67 ETH tied to the…