WBTC Deposits on Aave V4 Hit Record High
WBTC Deposits on Aave V4 Hit Record High
馃殌 Bitcoin breaks records
Wrapped Bitcoin (WBTC) supplied to Aave V4 has reached an all-time high, marking a significant milestone for the lending protocol.
Key Points:
- WBTC deposits on Aave V4 have surpassed previous records
- This follows a trend of growing asset deposits on the platform
- Recent months have seen record highs for various assets, including gold-backed tokens
The increase in WBTC supply suggests growing confidence in Aave's V4 protocol as a destination for Bitcoin-backed lending and borrowing activities.
WBTC supplied to Aave V4 reaches a new all-time high.
馃攼 Aave Integrates WalletConnect for Safe Mobile Access
Aave Protocol is now accessible through Safe{Mobile} via WalletConnect integration. **Key Features:** - Users can connect their Safe multisig wallets directly to Aave - Manage DeFi positions remotely from mobile devices - Execute transactions once multisig threshold requirements are met This integration enables mobile access to Aave's liquidity protocol while maintaining the security of multisig wallet controls.
USDT Borrowing Surges on Aave V3 with $400M Monthly Growth
**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 continues its trajectory toward $1 trillion in total loans originated since its launch. **Key metrics:** - Current USDT loans: $2.5B - 30-day growth: +$400M - Platform: Aave V3 The increase suggests growing institutional and retail interest in leveraging USDT positions through DeFi protocols.
Aave iOS App Nears Launch with Waitlist Program
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. **Key details:** - iOS app launching soon - Waitlist available at [aave.com/app](https://aave.com/app) - Referral system to advance position The app will serve as a mobile gateway to Aave's decentralized lending and borrowing protocol, potentially making DeFi more accessible to mainstream users.
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.