DeFi
DeFi

A crypto coalition releases technical proposal to save Aave users from a massive token exploit

DeFi United, a coalition of multiple blockchain projects and crypto ecosystem individuals, has laid out a detailed plan to restore the backing of rsETH after…
DeFi

Bitcoin’s $80k test should be decided by the bond market this week

Everyone watching Bitcoin this week is watching the Federal Reserve, while the more important tell may be sitting in the Treasury market, where the 10-year…
DeFi

DeFi United Releases Technical Plan to Restore rsETH Backing After $292 Million Kelp DAO Exploit

The multi-protocol coalition has a two-track blueprint: staged ETH deposits to restore the rsETH peg and governance-approved liquidations to recover funds from Aave and Compound.…
DeFi

Industry leaders are pouring hundreds of millions into a rescue plan for Aave users after massive crypto hack

The response to the DeFi recovery fund has quickly extended beyond Aave, and in some cases began with direct outreach. Read Full Story at Coindesk.com…
DeFi

Aave-Led 'DeFi United' Relief Effort Raises $300 Million to Cover Kelp DAO Exploit Losses

The Aave-led relief effort has gained widespread support, securing enough commitments to replenish the swiped funds. Read Full Story at Decrypt.co →
DeFi

Aven Launches Bitcoin-Backed Visa Card Offering Up to $1 Million Credit Lines Without Asset Sales

Bitcoin Magazine Aven Launches Bitcoin-Backed Visa Card Offering Up to $1 Million Credit Lines Without Asset Sales Aven has launched a Bitcoin Visa credit card…
DeFi

DeFi United Hits Recovery Target as Consensys, Solana, TRON Pledge Support

The DeFi United coalition crossed its rsETH backing target after a flood of weekend commitments from across the Ethereum, Solana, TRON, Avalanche, and Bitcoin ecosystems.…
DeFi

Latest $290M exploit hit DeFi so hard it forced Aave onto Solana as part of rescue efforts

AAVE, the native token of the Aave DeFi platform, is now available on the Solana blockchain network. The move will give Solana users access to…
DeFi

Aave’s DeFi United Recovery Effort Reaches $238 million As Crypto Rallies to Bail Out Its Biggest Lender

Mantle and Aave DAO together contributed 55,000 ETH, or $127 million, as the DeFi United effort to cover bad debt from the $292 million KelpDAO…
DeFi

DeFi lost $13B this month as the KelpDAO rescue shows both the best and worst of DeFi

The official DeFi United site shows over 69,550 ETH raised from 222 wallets across 1,623 transfers, all aimed at restoring rsETH backing, acting as DeFi’s…