Aave

24h change: +1.44%. From $96.19 to $97.58.

• Aave Labs has rallied DeFi protocols for the DeFi United campaign to recapitalize rsETH after the KelpDAO bridge exploit caused a backing shortfall impacting Aave V3 on Arbitrum. Pledges surpass $300 million from 116,000 wallets, including up to 30,000 ETH from Consensys and AAVE purchases by Circle Ventures. Aave proposes Arbitrum DAO release $71 million frozen ETH from the exploiter. This highlights DeFi's rapid collective response to risks.
• Aave V4 is now live on Ethereum mainnet, introducing enhancements to the lending protocol. Users can access new markets, governance, and staking features via the app. This upgrade supports ongoing ecosystem growth amid recent challenges. It positions Aave for improved efficiency and scalability.

24h change: +1.35%. From $94.58 to $95.86.

• Aave service providers initiated the DeFi United relief fund to cover roughly $200 million in bad debt from the KelpDAO exploit affecting rsETH. Partners have contributed significantly, raising nearly 80% of the target to restore full backing and prevent wider DeFi losses. This multi-protocol effort highlights coordinated recovery in decentralized finance.
• Aave's total value locked fell by billions following the KelpDAO bridge exploit where attackers deposited unbacked rsETH to borrow WETH. This led to market freezes and utilization hitting 100% in core markets. The incident exposed risks in liquid restaking tokens and prompted liquidity shifts to other protocols.

24h change: +1.09%. From $94.81 to $95.85.

• Aave initiated DeFi United, a cross-protocol recovery fund, to address the 163,000 ETH gap in rsETH backing caused by the Kelp DAO exploit. Contributions include pledges from , LayerZero, and personal donations from Aave team members, with a DAO proposal for 25,000 ETH. An additional proposal seeks release of frozen ETH on Arbitrum. This collaborative effort aims to remediate bad debt and stabilize affected markets quickly.
• Aave DAO approved the Aave Will Win proposal, redirecting 100% of revenue from Aave-branded products to the DAO treasury. This ends a dispute over protocol revenue control and strengthens DAO governance. The vote passed on April 13 with majority support. It also includes a $25 million grant and 75,000 AAVE tokens to Aave Labs for V4 development.

24h change: +2.70%. From $94.53 to $97.09.

• Aave initiated DeFi United, a cross-protocol recovery fund, to address the 163,000 ETH gap in rsETH backing caused by the Kelp DAO exploit. Contributions include pledges from , LayerZero, and personal donations from Aave team members, with a DAO proposal for 25,000 ETH. An additional proposal seeks release of frozen ETH on Arbitrum. This collaborative effort aims to remediate bad debt and stabilize affected markets quickly.
• Aave DAO approved the Aave Will Win proposal, redirecting 100% of revenue from Aave-branded products to the DAO treasury. This ends a dispute over protocol revenue control and strengthens DAO governance. The vote passed on April 13 with majority support. It also includes a $25 million grant and 75,000 AAVE tokens to Aave Labs for V4 development.

24h change: +1.60%. From $94.64 to $96.16.

• Aave initiated DeFi United, a cross-protocol recovery fund, to address the 163,000 ETH gap in rsETH backing caused by the Kelp DAO exploit. Contributions include pledges from , LayerZero, and personal donations from Aave team members, with a DAO proposal for 25,000 ETH. An additional proposal seeks release of frozen ETH on Arbitrum. This collaborative effort aims to remediate bad debt and stabilize affected markets quickly.
• Aave DAO approved the Aave Will Win proposal, redirecting 100% of revenue from Aave-branded products to the DAO treasury. This ends a dispute over protocol revenue control and strengthens DAO governance. The vote passed on April 13 with majority support. It also includes a $25 million grant and 75,000 AAVE tokens to Aave Labs for V4 development.