🔍 Aave V4 Opens Security Review

Active USDT loans on Aave V3 reached **$2.5 billion**, marking a significant **$400 million increase** over the past 30 days. This growth reflects strong demand for stablecoin borrowing on the decentralized lending protocol. The surge comes as Aave approaches a major milestone of $1 trillion in total loans originated since its launch. **Key metrics:** - Current USDT loans: $2.5B - 30-day growth: +$400M (~19% increase) - Platform: Aave V3 The uptick in USDT borrowing activity suggests increased liquidity needs across DeFi markets and continued confidence in Aave's lending infrastructure.

Aave is preparing to launch its iOS application, with a waitlist now open for early access. Users can sign up and invite friends to move up the queue faster. The mobile app aims to bring DeFi to a broader audience by providing a user-friendly interface for interacting with the Aave Protocol directly from iOS devices. **Key details:** - iOS app launching soon - Waitlist available at [aave.com/app](https://aave.com/app) - Referral system to advance position in queue The app will serve as a mobile gateway to Aave's non-custodial liquidity protocol, potentially making decentralized finance more accessible to mainstream users.

Aave V4 Prime Hub has activated incentives for USDC borrowers, offering a straightforward 1% cashback in USDC rewards. **Key Details:** - Borrow USDC against any supported collateral - Receive 1% back in USDC rewards - Available now on the Prime Hub deployment This follows recent incentive launches on Aave V4's Avalanche deployment, where users can earn rewards by supplying USDC/USDT or borrowing AVAX. The cashback program provides a direct benefit for users looking to borrow stablecoins while using their existing crypto assets as collateral.

The Aave community is considering a temperature check proposal to deploy Aave V4 on the Tempo network. **Key Points:** - Community members can review and discuss the proposal on the governance forum - The proposal follows previous discussions about Aave V4 licensing from March 2026 - This represents a potential expansion of Aave's liquidity protocol to a new network **What This Means:** The temperature check is an early-stage governance process that gauges community interest before moving to a formal vote. If approved, Tempo would join Aave's multi-chain ecosystem. [View the full proposal](https://governance.aave.com/t/temp-check-deploy-aave-v4-on-tempo/25333)

**Major Progress in rsETH Recovery** Kelp DAO has sent the second-to-last batch of rsETH to the LayerZero lockbox, with the final amount scheduled for Monday. This will fully restore rsETH's backing after the April 18 bridge exploit. **Current Status:** - WETH loan-to-value ratios restored to pre-incident levels - All Aave markets operating normally - rsETH bridging between mainnet and L2s fully functional - Users can withdraw rsETH across all affected markets **Recovery Timeline Recap:** - May 12: Exploiter's rsETH burned on Arbitrum - May 13: First tranche transferred, bridging reopened - May 14: rsETH withdrawals enabled - May 17: WETH LTVs restored across all markets - May 22: Second-to-last batch sent The coordinated "DeFi United" effort involved contributions from multiple protocols and successfully navigated legal complications, including a court-modified restraining notice on Arbitrum DAO funds. The recovery demonstrates cross-protocol collaboration in addressing DeFi incidents.