.@daoai_network is live on 0G mainnet. Governance just became real infrastructure. For the first time, DAO governance reputation is anchored directly to a decentralized data availability layer, making it immutable, verifiable, and built to last.

The Kelp DAO bridge failed in one transaction. The cascade on Aave took 46 minutes. WETH suppliers who detected the utilization spike early still had a window to withdraw. Those who found out hours later could not move at all. The bridge failure is a security story. What happened to Aave over the next 46 minutes is a risk management story. They require different responses. Our latest piece maps where the institutional monitoring gap shows up in practice: forced liquidations, borrow rate spikes, LP composition drift, staking risk, and the systemic signals that large liquidation events send to the whole market.

Update on Arbitrum DAO proposal: On May 1, plaintiff-judgment creditors in an unrelated matter served a restraining notice on Arbitrum DAO targeting the ETH immobilized after the rsETH incident. A few days later, Aave LLC filed an emergency motion to vacate. On May 8, the court modified the restraining notice to permit an onchain Arbitrum vote and transfer of the immobilized ETH to Aave LLC. The restraining notice attaches to Aave LLC upon transfer. The amended Constitutional AIP preserves the recovery intent approved by Arbitrum DAO, and the ETH remains directed toward the rsETH recovery. Aave LLC will comply with all court obligations as proceedings continue.

Regarding the recent Kelp DAO exploit: Doppler Vaults remain fully unaffected and operating as intended. Our yield strategy does not rely on external DeFi protocols (other than T-bill–backed RWA exposure) and involves no looping, eliminating risks from third-party exploits.

The recent DAO vote has wrapped up, and it has raised important questions about the relationship between Aave Labs and $AAVE token holders. This is a productive discussion that’s essential for the long-term health of Aave. While it's been a bit hectic, debate and disagreement are features of decentralized governance. I want to state clearly: I am committed to making the economic alignment between Aave Labs and $AAVE token holders more clear. We haven't done a great job explaining this and will do so going forward. Another thing that’s gotten lost in this conversation is that the DAO has earned $140M this year, more than the past three years combined, and $AAVE token holders have control over this treasury. In the future, we'll be more explicit about how products built by Aave Labs create value for the DAO and $AAVE token holders. I also want to address my recent $15 million purchase of $AAVE. These tokens were not used to vote on the recent proposal and that was never my intention. This is my life's work, and I am putting my own capital behind my conviction. Lastly, the Aave ecosystem is large enough for many service providers to succeed, and we will continue to support and collaborate with teams building on the protocol. I am confident that by working together, we will build a stronger and more aligned future. $AAVE will win.

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It seems the 0x1f4c_Kelp DAO Exploiter on ethereum is being liquidated (w/ ~$123m debt) in @aave Here is the related tx: The arbitrum position is also liquidated: