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HTX withdraws $570M from Aave, briefly spikes lending rates

Justin Sun-advised HTX withdrew $570M from Aave, briefly spiking borrowing and lending yields, before depositing $600M back into the protocol.

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 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.