Aave

Aave ($AAVE) is a decentralized money market that runs on the Ethereum blockchain. It’s most notable for its loan system, which allows users to earn interest on deposits and borrow assets with an interest rate. The interest rate is determined algorithmically. Originally named ETHLend in 2017, it was renamed to Aave in 2018. With the rebrand, it also updated its money market function: previously with ETHLend, borrowers and lenders were individually matched. Aave utilizes a liquidity pool system, where crypto loan assets are pooled together. Users must post collateral before borrowing but can only borrow up the value of said collateral. One benefit of Aave is that a user can gain exposure to different cryptos without having to actually own all of them.

Bitcoin Cash (BCH), up 5.8% from Wednesday, joined Aave (AAVE) as a top performer.

CoinDesk 20 performance update: AAVE gains 10.1% as index rises

Bitcoin to $500K, Ethereum to $40K, and Aave to $3,500 by the end of 2030? Standard Chartered just laid out some bullish price targets.

Aave Token Could Climb 50x by End of 2030, Standard Chartered Says—Here's Why

Standard Chartered says Aave could reach $3,500 by end of 2030, a 50x gain based on a DeFi asset growth forecast and post-KelpDAO recovery.

Standard Chartered sees ‘generational wealth' in potential Aave recovery, predicts 50x upside by 2030

Internet Computer (ICP), up 2% from Tuesday, joined Aave (AAVE) as a top performer.

CoinDesk 20 performance update: Aave (AAVE) gains 5.9% as index moves higher

Geoff Kendrick said Aave has moved past April's cyberattack-related market disruption and is well positioned to benefit from growth in tokenized assets and DeFi.

Aave could soar to $3,500 by 2030 on DeFi revival, says StanChart

Holders will now be able to deposit mGLOBAL tokens on Aave Horizon to borrow USDC while retaining full exposure to the underlying strategy.

Midas' mGLOBAL token tracking Fasanara's alternative debt strategy launches on Aave Horizon

Aave founder Stani Kulechov said once the proposal passes the framework will be applied across all markets and assets.

New Aave risk framework proposed following KelpDAO exploit

Uniswap (UNI), down 2.9% from Monday, joined Aave (AAVE) as an underperformer.

CoinDesk 20 performance update: AAVE Drops 2.6% as all constituents trade lower

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 chief defends protocol's 'resilience' after $8.45 billion bank run

Decentralized finance protocol Aave recently revealed that it has fully restored liquidity to its lending pools following a $300 million cross-chain exploit.

Aave Says Operations Back to Normal as $300M Backstop Replaces Drained Assets

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 overhauls listing standards after $230 Million rsETH exploit exposed bridge risks

Aave Labs has obtained FCA cryptoasset registration in the U.K. for its Push subsidiaries, unlocking zero-fee fiat on-ramps.

Aave Labs secures dual UK licenses for regulated crypto payments infrastructure through local subsidiary

The blockchain research and development firm Babylon Labs submitted a Temperature Check to Aave DAO on Monday, seeking approval to integrate Trustless Bitcoin Vaults with Aave V4 and onboard native BTC as collateral without bridges, wrappers, or custodians.

Aave DAO Faces Vote on Native BTC Collateral as Babylon Labs Files Temp Check

Ethereum

The DeFi lending protocol reversed restrictions imposed after April's $292 million exploit, restoring borrowing capacity across six networks as contagion fears ease.

Aave restores ether borrowing limits after $230 million exploit

Since the $292 million KelpDAO incident, decentralized finance has endured a brutal stretch, with fallout spreading well beyond the initial exploit.

DeFi Confidence Cracks After KelpDAO Exploit as Aave Suffers 44% Monthly Drop

Multicoin Capital has moved all 286,057 of its remaining aave tokens, worth approximately $26.68 million, into Coinbase Prime, the clearest signal yet that the fund is exiting a position sitting on over $40 million in losses.

Multicoin Capital Sends Entire AAVE Stack to Coinbase Prime After $40M Loss Deepens

Onchain data shows Multicoin Capital is now more than $40 million underwater on a large AAVE position built through Galaxy Digital's over-the-counter (OTC) desk. The firm now appears to be selling. A $73.

Multicoin's DeFi Disaster: Firm Spotted Dumping AAVE After Brutal 55% Drawdown

Ether withdrawals are expected to resume within 24 hours for KelpDAO users after a coordinated burn of the attacker's rsETH tokens on Arbitrum successfully neutralized the exploit's impact.

Ether Withdrawals to Resume Following KelpDAO and Aave's Coordinated Token Burn

Kelp was exploited on April 18 for $292 million from attackers suspected to be part of North Korea's Lazarus Group.

Kelp DAO, Aave to resume rsETH operations as recovery from $292 million exploit progresses

Arbitrum

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

Aave launches binding Arbitrum vote to move $71 million in disputed ETH

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.

Arbitrum's $71 million in ETH cleared for Aave transfer as North Korea terrorism creditors retain legal claim

A U.S. federal judge has authorized the transfer of approximately 30,765 ETH, worth roughly $71 million, to an Aave-controlled wallet, clearing the final legal obstacle in decentralized finance's most complex recovery effort to date.

Judge Clears $71M ETH Transfer to Aave as rsETH Recovery Enters Final Phase

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.

Judge clears path for Aave to move $71 million in ETH linked to North Korea hack

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.

Aave to overhaul collateral and listing standards after KelpDAO exploit

Aave required a governance process to manipulate its rsETH oracle price to generate a deficit in the attacker's fraudulent position.

News for Aave Crypto (AAVE)