A whale swapped $50.4M USDT for AAVE via Aave's collateral swap, suffering 99.93% slippage due to illiquidity, ending with 327 AAVE (~$36K). CoW Protocol, Aave's slippage warning, and the user's own judgment—all three lines of defense worked as designed, yet the loss was irreversible.
Aave Labs’ two London entities have received FCA approval to offer crypto exchange services in the UK, supported by a dual structure that also includes EMI capabilities.
Aave Labs has opened a Temp Check to deploy Aave V4 on Circle’s Arc mainnet, with USDC, EURC, and cirBTC under consideration and a five-year, $10 million revenue commitment to the Aave DAO.
Mythos AI shifts attention from smart contract bugs to infrastructure risks in DeFi, highlighting key management, signing services, bridges, and oracles after a reported $1 billion unauthorized Polkadot token minting incident.
Aave founder Stani Kulechov announced that the AWW proposal passed governance voting by a landslide, redirecting all application-layer product revenue to the DAO and positioning AAVE as the sole core asset, targeting growth from $40B to $1T in protocol scale.
Mastercard unveils Agent Pay for Machines (AP4M), a payment service for AI agents, enabling automated transactions across cards, bank accounts, and stablecoins with over 30 partners onboard.
Aave Labs proposed sending all revenue from Aave-branded products to the DAO while asking for stablecoins, AAVE tokens, and development grants worth about $50 million, drawing sharp criticism from ACI founder Marc Zeller.
Chaos Labs ended its three-year risk management contract with Aave, turning down a $5M budget increase. Founder Omer Goldberg cited workload doubling and legal ambiguity; Aave Labs CEO Stani Kulechov alleged Chaos demanded sole risk controller status and replacement of Chainlink. Aave's TVL grew from $5B to $26B under Chaos but core contributors keep leaving.
