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DeFi

DeFi Contagion Spreads Beyond Aave as LayerZero, Lido, Ethena Suffer Sharp Declines: Santiment
DeFi

DeFi Contagion Spreads Beyond Aave as LayerZero, Lido, Ethena Suffer Sharp Declines: Santiment

AAVE, ZRO, LDO, and ENA tokens plunged 10–22% as market repriced risk across DeFi protocols exposed to a bad debt event, with LayerZero priced as equally culpable as the originating lender.
Kelp DAO Loses $293M in Bridge Exploit, Leaving Aave With Over $200M in Bad Debt
DeFi

Kelp DAO Loses $293M in Bridge Exploit, Leaving Aave With Over $200M in Bad Debt

Attacker minted unbacked rsETH through Kelp's LayerZero bridge, then borrowed WETH on Aave V3 and V4 before markets could freeze.
Wrapped XRP Now Available Across Major Solana Apps: Solana
DeFi

Wrapped XRP Now Available Across Major Solana Apps: Solana

Solana announced wXRP is live on Titan Exchange, Real, Phantom, Jupiter, and Meteora, expanding cross-chain asset availability on the blockchain.
Figure Clashes With Short Seller Over Blockchain Lending Claims
DeFi

Figure Clashes With Short Seller Over Blockchain Lending Claims

Morpheus Research's report alleges that the $7.7B fintech is exaggerating its use of blockchain technology, while Figure and asset manager Van Eck dispute the findings.
LDO Bucks DeFi Downturn With 30% Monthly Rally After DAO Passes Buyback Scheme
DeFi

LDO Bucks DeFi Downturn With 30% Monthly Rally After DAO Passes Buyback Scheme

Lido's token is the only top DeFi token in the green over the past 30 days, fueled by a $20 million treasury repurchase program.
Sky Announces First Native Deployment of USDS, sUSDS on Avalanche
DeFi

Sky Announces First Native Deployment of USDS, sUSDS on Avalanche

Sky's native stablcoins are being deployed on Avalanche via Skylink, Sky's crosschain bridge protocol built on LayerZero infra.
Tether Commits $127.5M to Drift Protocol Recovery Plan Following $270M+ Exploit
DeFi

Tether Commits $127.5M to Drift Protocol Recovery Plan Following $270M+ Exploit

Tether is leading a $150M recovery initiative for Drift Protocol; the plan will also shift the perp DEX's primary settlement asset to USDT on Solana.
Justin Sun Blasts WLFI Token Unlock Proposal as 'World Tyranny'
DeFi

Justin Sun Blasts WLFI Token Unlock Proposal as 'World Tyranny'

TRON founder escalates feud with Trump-linked DeFi project, alleging coercion and frozen voting rights.
Aave Labs Launches Checkpoint, AI-Powered Governance Security System: Aave Labs
DeFi

Aave Labs Launches Checkpoint, AI-Powered Governance Security System: Aave Labs

Aave Checkpoint combines automated AI analysis with mandatory human verification to review all DAO proposals before onchain execution.
Fireblocks Launches Stablecoin Yield Product via Aave, Morpho
DeFi

Fireblocks Launches Stablecoin Yield Product via Aave, Morpho

The platform's new Earn feature lets its thousands of institutional clients deposit their stablecoin to DeFi's top lending protocols directly on Fireblocks.