DeFiLlama tracked 28 crypto hacks in April 2026, with complete losses reaching US$635.2 million by month-end. KelpDAO and Drift Commerce accounted for US$578 million, or roughly 91% of April’s tracked losses. Chainalysis mentioned the KelpDAO bridge exploit uncovered off-chain verification threat slightly than a traditional smart-contract failure. April grew toContinue Reading
Organisations and people from throughout the Ethereum ecosystem have come collectively to determine the DeFi United restoration fund following the April 18 KelpDAO hack that noticed nearly US$300 million in belongings stolen. Lending protocol Aave has been a central participant in driving the initiative, contributing 25,000ETH and dealing to drawContinue Reading
Aave deposits fell by US$15.1 billion in 3.5 days after attackers used Kelp DAO rsETH as collateral to borrow wrapped Ether. DeFiLlama knowledge confirmed Aave TVL dropping from about US$26.4 billion to US$18.6 billion as stablecoin swimming pools reached 100% utilisation. Aave froze rsETH and WETH markets whereas LayerZero attributedContinue Reading
A cross-chain exploit involving rsETH drained US$291M, exposing weaknesses in Kelp DAO’s infrastructure and triggering a wider DeFi response. Aave froze affected markets as liquidity evaporated, with customers unable to withdraw and compelled into defensive borrowing behaviour. The incident sparked billions in outflows and renewed scrutiny of cross-chain design dangersContinue Reading
Aave’s first binding “Aave Will Win” vote handed with roughly 75% assist, approving US$25 million in stablecoins and 75,000 AAVE tokens for Aave Labs. Aave Labs will direct 100% of product income from Aave.com, Aave Professional, Aave Card, and different branded providers again to the DAO treasury, estimated at US$10Continue Reading
A dealer trying to swap roughly US$50.4M (AU$71.06M) in USDT for AAVE confirmed a warning about excessive slippage and accomplished the commerce by Aave’s interface. The transaction was routed through CoW Protocol and a number of DeFi swimming pools, finally hitting a SushiSwap pool with solely about US$73K in liquidity.Continue Reading
Two competing stories have triggered a governance battle within the Aave group over the way to worth Aave Labs’ previous contributions and future funding wants. Marc Zeller’s report argues the DAO ought to deal with the proposed $42.5 million funding bundle as an funding, citing $86 million in prior fundingContinue Reading
Aave Labs has proposed a brand new “Aave Will Win” governance framework the place 100% of income from Aave-branded merchandise goes on to the DAO treasury as an alternative of the corporate. The plan covers present and future income streams, together with swap charges from Aave v3/v4. To resolve possessionContinue Reading
Aave DAO member tulipking has proposed a “poison capsule” plan to grab Aave Labs’ IP, branding, fairness, and previous income. The transfer follows considerations that front-end income modifications, together with the CoW Swap integration, bypassed DAO approval. The proposal underscores broader tensions over governance, income management, and the position ofContinue Reading
Aave’s upcoming V4 upgrade (Q4 2025) introduces a “hub and spoke” modular structure for lending, separating central liquidity from individual risk-profiled markets (spokes). The new design features dynamic risk settings and a “health-targeted” liquidation engine that sells only enough collateral to restore loan health, preventing mass liquidations. V4 enhances userContinue Reading
