Aave

**Aave is back on Arbitrum DRIP** with new earning opportunities for users. - Supply **WETH** to Aave's Arbitrum market to earn DRIP rewards - Program details available at [arbitrumdrip.com](https://arbitrumdrip.com/opportunities/arbitrum/MULTILOG_DUTCH/0xe0b9e069b0cb46329e7d37e87e635a84ea772fcf) **Regulatory milestone**: Aave Labs subsidiary Push received **CASP authorization** under MiCAR from Ireland's Central Bank. - Makes Aave Labs among first DeFi innovators operating under new EU framework - Authorization applies only to regulated zero-fee stablecoin on/off-ramping services - **Core Aave Protocol remains decentralized** and permissionless globally This follows recent expansion to Aptos blockchain and ongoing incentive programs across multiple networks. [Read full announcement](https://aave.com/blog/aave-micar-approval)

**Aave Labs** is launching **zero-fee on and off-ramping** for GHO and other stablecoins across Europe. - Available across all Aave products - Targets European users specifically - Focuses on GHO stablecoin integration This move aims to create a **frictionless cash-to-DeFi experience** throughout the Aave ecosystem. The development builds on previous GHO initiatives, including high-yield pools on Base offering 25% APR when paired with EURC. *Ready to bridge traditional finance with DeFi seamlessly.*

**Aave V4 transforms DeFi lending** with a revolutionary architecture that unifies liquidity across markets. **Key Innovation: Hubs and Spokes** - Hubs store liquidity pools - Spokes implement custom lending rules and market logic - Multiple markets can draw from the same liquidity source **Benefits for Users and Builders:** - Enhanced capital efficiency across all markets - Specialized markets can access deep liquidity from day one - Custom lending parameters without liquidity fragmentation **Real-World Applications:** - Pendle markets accepting multiple PTs as collateral - Uniswap LP-focused lending markets - Shared ETH liquidity across different use cases **Strategic Impact:** V4 positions Aave as DeFi's operating system, enabling previously unviable markets while maintaining security and efficiency. This architecture supports the migration of global finance onchain by serving specialized needs without sacrificing liquidity depth. [Read the full unified liquidity thesis](https://aave.com/blog/aave-v4-unified-liquidity-thesis)

**Aave V3 is now live on Plasma**, a high-performance blockchain designed specifically for stablecoins. **Initial asset support includes:** - USD, USDe, sUSDe - XAUt (gold-backed token) - WETH and weETH The deployment was handled by BGD Labs on behalf of Aave DAO, with comprehensive risk analysis from Chaos Labs and Llama Risk. **Chainlink provides price feeds** for secure operations. Plasma's focus on scalability and stablecoin infrastructure makes it a strategic addition to Aave's multi-chain presence. Supply and borrow caps are detailed in the [governance proposal](https://governance.aave.com/t/arfc-deploy-aave-v3-on-plasma/21494). Users can access the new market through the [Aave app](https://app.aave.com/markets/?marketName=proto_plasma_v3) immediately.

The final vote is currently taking place regarding the Events Funding for the collaboration between Aave Companies and Aave DAO.

Starting from October 19, 2023, users can now switch tokens directly on Aave.

Aave DAO has partnered with Immunefi to launch a $1 million bug bounty program. The program aims to ensure the security of the Aave protocol by encouraging developers and security experts to identify and report any vulnerabilities. Immunefi will provide technical support in managing the bug bounty program.