Aave Labs Unveils V4 Protocol Overhaul
Aave Labs presented a proposal for the forthcoming iteration of its protocol, which encompassed enhancements to GHO, its stablecoin. As part of a five-year road map, Aave Labs, the company responsible for the decentralized finance (DeFi) lending protocol Aave, has outlined a proposal to evolve and enhance its protocol. The DeFi lending platform unveiled a […]
Mantra Introduces Hongbai Incentivized Testnet
Through Real World Asset tokenization, MANTRA’s Hongbai Incentivized testnet has been launched to connect traditional and defi markets. The testnet deployment is a step forward for MANTRA’s use of RWA tokenization on a security-focused layer 1 blockchain. The company said on its Medium page: “We’re opening the floodgates for 100,000+ eager participants to explore the […]
Aave to Counter MakerDAO’s DAI Expansion risk
The proposal seeks to reduce risks with minimal user impact, given the small DAI collateral on Aave, and users can switch to USDC or USDT. Lending procedure Aave has introduced a new proposal from the Aave Risk Framework Committee (ARFC) to modify the Dai stablecoin’s risk parameters. The proposal was presented by the Aave Chan […]
Prisma Finance Reports $540K Still at Risk After Hack
Prisma finance reports $540K still at risk from accounts yet to revoke the smart contract responsible for last week’s $11.6 million exploit. Prisma Finance, a decentralized finance (DeFi) firm, reports that $540,000 remains in accounts from which the smart contract liable for the $11.6 million breach last week has yet to be revoked. In the […]
Ethereum Layer-2 Network Base TVL Doubles
Achieving a secured value of $2 billion on Coinbase’s Base network was accomplished in 25 days, compared to 203 days to reach $1 billion. Layer-2 Ethereum network In less than a month, Base’s total value locked (TVL) has increased twice, reaching $2.13 billion. Analysts speculate that the platform may emerge as the subsequent hub for […]