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DeFi

Lotus Taps WisdomTree Money Market Fund to Build Yield Floor into DeFi Lending
DeFi

Lotus Taps WisdomTree Money Market Fund to Build Yield Floor into DeFi Lending

WisdomTree's WTGXX holds nearly $860M in distributed asset value, mostly on Ethereum.
Circle Proposes Emergency Rate Changes to Unstick Aave's Frozen USDC Pool
DeFi

Circle Proposes Emergency Rate Changes to Unstick Aave's Frozen USDC Pool

Stablecoin issuer argues Aave's interest rate curve is failing to clear the $1.89B pool after four days at full utilization.
SparkLend Sees Over $1B in Deposits Since Kelp Exploit as Aave TVL Plunges
DeFi

SparkLend Sees Over $1B in Deposits Since Kelp Exploit as Aave TVL Plunges

Aave TVL has dropped by $10B since the Kelp attackers used the protocol to borrow $190 million in WETH, depositing unbacked rsETH.
Justin Sun Sues World Liberty Financial Over Frozen WLFI Tokens
DeFi

Justin Sun Sues World Liberty Financial Over Frozen WLFI Tokens

TRON founder takes the Trump-linked DeFi project to California federal court, escalating a months-long feud over blacklisted tokens and governance rights.
Polymarket and Kalshi Are Both Set to Launch Perp Trading
DeFi

Polymarket and Kalshi Are Both Set to Launch Perp Trading

Polymarket announced early access for perpetual futures trading, while The Information reported that Kalshi is planning a similar product launch.
Aave Partially Unfreezes WETH After Kelp Bridge Exploit
DeFi

Aave Partially Unfreezes WETH After Kelp Bridge Exploit

After attackers deposited rsETH from an exploited Kelp bridge and borrowed Wrapped ETH, Aave had frozen WETH across multiple markets.
USDT Now Live on Solana, Plasma, and Ethereum With 1:1 USD Onramps and Offramps: Privy and Ramp
DeFi

USDT Now Live on Solana, Plasma, and Ethereum With 1:1 USD Onramps and Offramps: Privy and Ramp

Ramp expands stablecoin access by launching USDT across Solana, Plasma, and Ethereum with seamless 1:1 USD conversion for global money movement.
DeFi Protocols Launch Joint Escape Hatch for Aave ETH Lenders and Loopers
DeFi

DeFi Protocols Launch Joint Escape Hatch for Aave ETH Lenders and Loopers

Fluid's aWETH Redemption Protocol, launched with Lido, Ether.fi, 1inch, 0x and Kyber, has processed $136M out of Aave's frozen WETH pool in 48 hours.
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.