Gold-Backed Loans Hit Record High on Aave V4
Gold-Backed Loans Hit Record High on Aave V4
馃弳 Gold loans break records
Gold-backed lending reaches new peak
Loans using Tether Gold (@tethergold) on Aave V4 have hit an all-time high, marking a significant milestone for the protocol's commodities-backed lending market.
Recent growth trajectory:
- Active borrows surged to $50M (up 140% month-over-month)
- Total deposits exceeded $115M
- Supply and borrow caps raised across multiple assets
The protocol has expanded capacity to meet growing demand, with stablecoin deposits like USDG growing 5x in a single week. New incentive programs for frxUSD and USDG suppliers are now active on the Main market.
This trend signals increasing user confidence in using tokenized commodities as collateral for DeFi lending.
Incentives are live for @fraxfinance frxUSD on Aave V4. Earn them by supplying frxUSD to the Main market.
Incentives are live for @global_dollar USDG on Aave V4. Earn them by supplying USDG to the Main market.
Aave V4 crossed $115 million deposits. Supply and borrow caps have been raised across several assets to accommodate demand.
Aave V4 crossed $50 million active borrows, up 140% over the past month.
Gold-backed loans using @tethergold on Aave V4 are at an all-time high.
On Aave V4, @global_dollar USDG deposits grew 5x in one week. To accommodate demand, the supply cap has been increased to 20 million.
馃敁 rsETH Recovery Nearly Complete: Final Tranche Coming Monday
**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.
Aave Powers MetaMask Card for Yield-Bearing Asset Spending
Aave has released a case study detailing how its yield-bearing assets integrate with the MetaMask Card for everyday purchases. **Key Features:** - Users can spend yield-bearing stablecoins at any Mastercard-accepted location - Partnership combines Aave's liquidity protocol with MetaMask's payment infrastructure - Service currently available across Europe and the United States The integration allows users to maintain their assets in yield-generating positions while using them for daily transactions through the MetaMask Card.
Aave Integrates with Arbitrum Earn Portal for Cross-Chain Yield
Aave has launched on Arbitrum Earn, a new feature within the Arbitrum Portal. Users can now supply assets and earn Aave-powered yield directly through the portal interface. The integration leverages LiFi Protocol's cross-chain routing technology, enabling users to: - Swap assets from different chains - Access yield opportunities - Manage vaults in a single location Arbitrum Earn also supports other protocols including Morpho and Pendle, providing users with multiple yield options through one unified interface. The service is accessible at [portal.arbitrum.io/earn](http://portal.arbitrum.io/earn)
Aave Pro Integrates frxUSD Rewards with In-Platform Tracking
Aave Pro has integrated **frxUSD** as a reward token, allowing users to track and claim their rewards directly within the platform. **Key Features:** - Rewards distributed in frxUSD - Seamless tracking and claiming without leaving Aave Pro - Direct access through the platform interface Users can explore frxUSD on Aave Pro: [View frxUSD Asset](https://pro.aave.com/explore/asset/1/0xCAcd6fd266aF91b8AeD52aCCc382b4e165586E29) This integration streamlines the reward claiming process, eliminating the need for external platforms or additional steps.