Bitcoin24h $84,692.68+0.87%

Ethereum24h $1,871.20+0.50%

XRP24h $2.12-0.62%

BNB24h $600.84-1.10%

Solana24h $125.95-1.18%

Dogecoin24h $0.1717+0.86%

Cardano24h $0.6789+0.96%

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Aave proposal to peg Ethena’s USDe to USDT raises concerns

While keen to avoid being labeled as a stablecoin, Ethena’s USDe is being used as such across some of DeFi’s biggest players.

Aave could leave Polygon over plan to use bridge funds for yield farming

Aave is the largest protocol on Polygon, accounting for over a third of the chain’s total value locked (TVL) at $467 million.

While Aave and Maker (now Sky) founders basked in a ‘DeFi renaissance moment,’ some less well-known projects were losing millions.

Aave, which contains assets worth over $11 billion, moved to reassure users that the attack placed no user funds at risk.

Linea claims to be ‘home to the most innovative web3 projects’ but its largest project, ZeroLend, is a low-effort Aave fork.