aave

Cryptocurrency trading and market-making institution GSR announced an investment of 100 million dollars to launch the on-chain credit business Hare, which is built in collaboration with the liquidity distribution platform Turtle, responsible for creating and managing on-chain vaults. GSR's multi-year commitment is primarily provided in the form of credit lines, with its own funds serving as anchor liquidity to enter Hare's products first, followed by the introduction of external investors.Hare initially launched two products supported by the lending protocol Aave: Hare USD Earn, which receives mainstream dollar stablecoins in a single vault, and Hare Gold Earn, which allows holders of Paxos tokenized gold products PAXG and PAXGy to earn returns, with Paxos Labs participating in the collaboration on gold products. Hare's CEO Connor Milner stated that GSR's commitment is considered deployed capital, allowing issuers to access liquidity from day one, and allocators can also see GSR's own funds in the same vault as theirs. Milner previously served as a senior director at London DeFi hedge fund Re7 Capital.Vaults are becoming an important component of on-chain finance, with investors depositing assets into smart contracts, and curators deciding how to deploy funds in lending markets and other strategies. According to data from Vaults.fyi, as of July, 788 curated vaults managed a total of 8.6 billion dollars in assets.

According to Onchain Lens monitoring, an investor withdrew 8,088 AAVE (worth 1.46 million USD) from Coinbase and deposited it into FalconX, possibly for sale.

Aave has enabled LlamaRisk agents for Pendle collateral on the Plasma network. According to The Defiant, these agents can adjust the pricing and lending parameters of a certain collateral token, which currently has a supply of 36.72 million dollars.The adjustments to the relevant parameters are constrained by fixed step limits and cooldown periods. Plasma is a Layer 1 network aimed at stablecoin payments, Pendle is a yield trading protocol, and LlamaRisk is a cryptocurrency risk management agency.

According to the GoPlus security team, an unclaimed treasury contract on the Base chain was attacked. The attacker added a malicious contract to the lending whitelist through Safe multi-signature and withdrew 1783 aBaswstETH, then redeemed approximately 1783 wstETH on Aave V3, resulting in a loss of about 6 million dollars.It is reported that the attack stemmed from failures in multi-signature governance and access control. The project team had not executed Safe transactions on the treasury contract for 25 days prior to the attack, which may have been due to social engineering attacks or internal collusion; the core contracts of Aave and the Base chain itself were not affected. As of the time of publication, approximately 31.7 million dollars in assets remain at risk in the attacked treasury.

The developer of the decentralized lending protocol Aave, Aave Labs, has published an ARFC on the governance forum, proposing the establishment of the Aave Foundation. This entity will be a memberless foundation company in the Cayman Islands, which will hold the Aave trademark and related intellectual property for the Aave Protocol.The proposal only covers Phase 1, which includes entity registration and the appointment of initial independent directors and supervisors. The transfer of trademarks, domain names, and intellectual property of the codebase, as well as the scope of operations, will be addressed in subsequent phases and must be submitted for governance separately. Phase 1 only applies for registration, legal work, and reasonable expenses for the appointment of directors, supervisors, and secretaries, with no recurring budget; future funding must be proposed separately.The foundation is established under the Foundation Companies Act, with its charter goals limited to holding, protecting, and licensing intellectual property for the Aave Protocol. Aave Labs, DAO service providers, and their affiliates have no right to appoint directors or supervisors and cannot hold such positions. After the initial appointments, the removal and appointment of directors can only be done through an AIP. If this ARFC reaches community consensus, it will enter Snapshot, and then the related expenses will be authorized through an AIP, followed by registration in the Cayman Islands and completion of the appointments.

Aave Labs has proposed a new plan regarding the ownership of brands and intellectual property, intending to gradually hand it over to a DAO for oversight and management. According to the schedule for the first phase, the team will first promote the establishment of a legal entity located in the Cayman Islands and appoint independent senior management for that entity.However, the transfer of ownership for the trademark rights related to the Aave brand, domain names, and code repositories is not included in the action scope of the first phase. Instead, it will be subject to approval through multiple rounds of governance voting that will be initiated later.

Aave founder Stani Kulechov expressed disappointment on the X platform regarding the responses from the European Central Bank (ECB) and the European Banking Authority (EBA) to the MiCA consultation. He stated that both institutions not only advocate for banning stablecoin payment yields but also propose restrictions on crypto asset service providers (CASP) offering users access to DeFi, including services involving non-MiCA authorized stablecoin yield protocols.Kulechov indicated that the relevant opinions also involve restricting DeFi services to specific user groups through "suitability tests" and potentially establishing a certification system for DeFi lending protocols. He believes that if regulators decide which protocols are suitable for European users, it could lead to more closed ecosystems, weakening the liquidity and network effects of open DeFi, and limiting opportunities for European users to participate in on-chain finance.

According to on-chain analyst Yu Jin's monitoring, a suspected Aave team member's address has recently sold 50,000 AAVE on-chain over the past week, exchanging it for approximately 8 million USDC, with an average selling price of about 160 dollars.This address received 108,000 AAVE from a wallet marked as Aave Team between October 2020 and October 2021. Currently, this address still holds about 30,000 AAVE, valued at approximately 5.5 million dollars.

Regarding the previous incident where the FlashLoopAdapter vulnerability caused a loss of approximately 114 ETH from two Safe multi-signatures, Aave founder Stani Kulechov stated that the contract with the vulnerability is not the Aave v3 contract, but rather a third-party external adapter built on top of Aave, which does not affect Aave v3 itself.Previously, SlowMist disclosed that the FlashLoopAdapter has an access control vulnerability, which attackers exploited to bypass permission checks and transfer assets from two Safe multi-signatures that enabled the module, ultimately resulting in a loss of approximately 114.09 ETH.

Slow Fog issued a security alert stating that the Aave V3 Loop Safe Module has a security vulnerability, allowing attackers to forge Safe authentication and execute arbitrary modules, stealing approximately 114.09 ETH from two Safe multi-signature wallets.Attackers bypassed authentication by forging a Safe that always returns true and executed module transactions using a router and calldata that could be arbitrarily controlled, transferring weETH and Aave collateral. After repaying approximately 1300 WETH in debt, the attackers unlocked the collateral.

Aave founder Stani Kulechov tweeted that Aave has processed a total loan amount exceeding 1.1 trillion USD.He pointed out that traditional finance relies on backend teams, settlement departments, intermediaries, and legal agreements, while Aave coordinates lending through code and calls for more lending activities to be moved on-chain.

According to on-chain analyst @ai_9684xtpa, a certain whale built a position worth 8.07 million dollars in ETH four hours ago; since September 2, it has accumulated a total of 12,134.13 ETH, worth 32.41 million dollars, with an average purchase price of 2,671.25 dollars, and it has now been deposited into Aave.

According to on-chain analyst Yu Jin's monitoring, a certain whale transferred 5.97 million USDC into Kraken 5 hours ago, and then withdrew 39,018 AAVE from Kraken 3 hours ago, worth 6.2 million USD.

Aave founder Stani posted on the X platform, stating that the team is currently monitoring the progress of the MetaMask Staking infrastructure security incident in collaboration with Lido.Stani mentioned that the Aave market is currently unaffected, and all operations are running normally.

The DeFi protocol Sentora has initiated an ARFC proposal to operate an independently curated lending market on Aave V4.According to the proposal, Sentora will be responsible for market operations, including collateral assets and interest rates, while the Aave DAO will retain ownership and ultimate control of the smart contracts. The lending assets will be limited to RLUSD, PYUSD, and OUSD, while the collateral will include USDe, PRIME, mWIN, PST, and kBTC. The protocol revenue generated by the market is expected to be split equally between the Aave DAO and Sentora.

According to Lookonchain monitoring, two giant whales exchanged 50.95 WBTC for 25,500 AAVE, worth 4.26 million USD.

Aave posted on platform X stating: Multiple user experience optimizations have been made for Aave App, Aave Pro, and Aave V3, and they thank the community for their feedback.Aave also launched the Ghost Pass benefit, allowing users to publish their high scores and receive a Ghost Pass.

According to on-chain analyst Ai Yi (@ai_9684xtpa), Kanye West withdrew 1,445 ETH from Aave 1 hour ago and subsequently deposited it into Binance, worth approximately 3.91 million dollars.This is the first deposit operation in 11 months since the peak of the last bull market in October 2025. Currently, he still holds on-chain crypto assets worth approximately 26.7 million dollars.

Aave founder Stani Kulechov stated that he is considering introducing a token burn mechanism for AAVE in Aavenomics 3.Aavenomics 3 is a new token economics upgrade plan launched by Aave, which has previously promoted measures such as AAVE buybacks supported by protocol revenue.