Aave | Crypto

The deployment marks Aave V4’s first expansion beyond Ethereum and introduces lending infrastructure designed to support future markets for tokenized real-world assets. Decentralized lending protocol Aave has launched V4 on Avalanche, marking the first expansion of its latest lending infrastructure beyond Ethereum and setting the stage for future lending markets backed by tokenized real-world assets. The deployment introduces Aave V4’s Hub & Spoke architecture, which allows specialized lending markets to operate with their own collateral requirements and risk parameters while drawing on shared liquidity across the protocol. According to Aave, one of the first planned markets on Avalanche will support borrowing against tokenized assets. Read more

Aave launched its V3 lending protocol on Monad with 12 supported assets as the network commits $15 million in first-year incentives to build liquidity and adoption. Decentralized finance (DeFi) platform Aave has deployed its V3 lending protocol on Monad, expanding the layer-1 blockchain’s lending ecosystem with support for 12 assets at launch.  On Thursday, Aave announced that the initial market supports USDT0, USDC, Aave’s GHO stablecoin, USDe, mUSD, AUSD, WETH, cbBTC, wstETH, weETH, syrupUSDC and sUSDe. It is also Aave's first deployment with Chainlink Smart Value Recapture enabled from day one, allowing part of the value generated from liquidations to be redirected back to the protocol. The deployment expands Aave’s multichain lending network while giving Monad users and developers access to an established borrowing market, Aave’s GHO stablecoin and liquidity incentives intended to support early adoption.  Read more

Aave's latest market move is becoming a referendum on how investors value DeFi lending as its economics begin to resemble those of financial infrastructure. The token rallied as AAVE traded around $94.32 on June 27, up 13.16% over 24 hours. At the same time, a reported Standard Chartered bull case described Aave in automated-bank terms, […] The post Aave rally makes DeFi lending look more like a bank to investors appeared first on CryptoSlate.

Tokenized stock trading fueled fresh momentum across the Solana ecosystem, while Aave founder hinted at token buybacks coming under new framework.

Solana (SOL) gained 4.5%, joining Aave (AAVE) as a top performer.

The DeFi lender is rebuilding after the fallout from April's KelpDAO exploit sparked a multibillion-dollar exodus of deposits despite Aave itself not being hacked.

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

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

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.

Standard Chartered said tokenized assets moving into DeFi could drive deposits into Aave and help the protocol rebuild its position as a dominant onchain lending platform. Banking giant Standard Chartered has identified Aave as a potential beneficiary of tokenized assets as they move into decentralized finance (DeFi), saying the protocol could rebuild its position as a dominant onchain lending platform. In a Wednesday research note, Geoff Kendrick, the bank's global head of digital assets research, said active tokenized assets in DeFi could drive more deposits into Aave. “Despite recent setbacks, we are bullish on the outlook for Aave, the largest [DeFi] lending protocol,” Kendrick wrote. Read more

Aave handled $8.45 billion in withdrawals without freezing funds, but the episode raised fresh questions about hidden risks in DeFi lending. A stress test that showed both strengths and weaknesses When large sums leave a financial system quickly, hidden weaknesses often become visible. In traditional finance, such situations often lead to emergency lending programs, withdrawal limits or government-backed bailouts. Decentralized finance (DeFi) works differently. Read more

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.

On May 28, Aave Labs announced that its UK subsidiaries Push Labs Ltd. and Push Virtual Assets Ltd. received FCA registration as cryptoasset exchange providers, layered on top of the group's existing Electronic Money Institution authorization. Combined with the MiCAR CASP license that Push Virtual Assets Ireland Limited secured from the Central Bank of Ireland […] The post Aave now has a regulated path from bank accounts to DeFi lending – The hard part is keeping users there appeared first on CryptoSlate.

US commercial and industrial lending reached $2.89 trillion at commercial banks for the week ending May 13, up roughly $183 billion year-to-date and 8.19% above year-ago levels. Corporate America has borrowed heavily through rising rates and continues borrowing into tightening bank credit conditions, adding more to bank balance sheets in the first five months of […] The post Aave is bank-sized, but $2.9T in corporate loans reveals the risk DeFi still can’t price appeared first on CryptoSlate.

Bitcoin ETFs recorded $1 billion in weekly net outflows, a judge has delayed a decision on Aave to unfreeze $71 million worth of crypto.

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. A New York judge has delayed a decision on Aave’s emergency bid to unfreeze $71 million worth of crypto tied to victims of the $293 million Kelp DAO hack, asking for additional information ahead of a new hearing in June.  Aave has sought to use $71 million in ETH that Arbitrum froze to assist with recovery efforts following the Kelp DAO hack, one of the worst DeFi hacks this year. However, US law firm Gerstein Harrow LLP filed a restraining notice at the start of May, arguing its clients have a claim to the funds. Aave then filed an emergency motion to get the funds unlocked, arguing that user liquidations and potential DeFi market destabilization could occur if the funds are not unlocked soon.    Read more

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. A Manhattan federal judge has allowed Arbitrum DAO to move $71 million in frozen Ether to Aave, clearing the path for the DeFi protocol’s recovery effort following a North Korea-linked exploit. Judge Margaret Garnett of the Southern District of New York issued the order on Friday, modifying a restraining notice that had locked the assets inside Arbitrum DAO. The modification permits an onchain governance vote to send the funds to a wallet controlled by Aave LLC, and explicitly protects anyone who participates in the transfer from being held in violation of the freeze. The order still keeps the terrorism victims’ legal claim on the funds, meaning Aave can’t use the funds freely and could be forced to hand them over if the court ultimately rules in the terrorism victims’ favor. Read more

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.

Aave filed an emergency motion last week to free millions in frozen ETH from a restraining order issued against the Arbitrum DAO, turning what began as a coordinated exploit recovery into a court dispute. Aave LLC said the restraining notice was served on Arbitrum DAO on May 1 and seeks to seize approximately $71 million […] The post Aave says creditors are trying to seize stolen ETH before victims get their $71M back appeared first on CryptoSlate.

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.” Decentralized finance protocol Aave filed an emergency motion on Monday in New York to vacate a restraining notice from a US law firm aimed at blocking Arbitrum DAO from transferring 30,766 frozen Ether to the victims of the Kelp exploit.  Gerstein Harrow LLP served Arbitrum DAO with a restraining notice on Friday, arguing its clients are owed over $877 million in default judgments against North Korea. The law firm claims the North Korean hacker group behind the Kelp exploit had possession of the tokens, giving its clients a legal claim over the Ether. Aave filed the emergency motion in a New York district court, arguing that a thief doesn’t gain lawful ownership of property by stealing it. It also argued that North Korea is only suspected of being part of the theft, and that the law firm's argument “defies logic, common sense and the law.” Read ...