Aave TVL still down 43% since KelpDAO hack
One of DeFi’s largest lending platforms, Aave, lost its top TVL spot after the KelpDAO $290M cross-chain bridge hack.
Read more (3 min) →Results for Crypto, DeFi, AAVE
20 stories, newest first
DeFi plays the blame game
Protos breaks down the arguments over who’s to blame for the $14B meltdown sparked by Saturday’s $290M hack
DeFi sector in $14B meltdown as $290M rsETH hack fallout burns Aave
DeFi is in crisis mode with multiple lending markets at full utilization after $290M of Kelp DAO’s rsETH was hacked from Layer Zero.
Oracle error adds to turmoil at DeFi giant Aave
Chaos Labs’ Correlated Asset Price Oracle pushed a faulty update yesterday, causing a 2.85% drop in the price of wstETH collateral.
Aave developer BDG Labs to ‘cease contribution’ after DAO drama
The latest in a string of Aave DAO disputes sees BGD Labs quit, citing Aave Labs’ behavior around v4 and centralization concerns.
Is Aave Labs’ proposal ‘extractive’? DAO debate heats up
Aave Labs’ latest proposal looks to be a step in the right direction after two months of debate. But the sums requested are considerable.
Aave brand dispute rumbles on as founder buys £22M London property
The DAO vs Labs brand ownership debate is still to be settled. Meanwhile, founder Stani Kulechov spent $30M on a new London mansion.
AAVE whale crashes token 10% amid ‘disgraceful’ governance vote
The author of a proposal on Aave DAO’s ownership of brand assets branded Aave Lab’s unilateral initiation of the vote “disgraceful.”
Aave Labs v DAO: Who controls the money — and the brand?
The Aave DAO seeks to take control of “brand assets” from Aave Labs, and the result will have a “long-lasting impact on DAOs in general.”
Aave hits breaking point as DAO and Labs clash over control
A debate over in-platform swaps has expanded into questions over who “owns” Aave, DeFi’s biggest app: Aave Labs or a DAO of tokenholders?