The rsETH markets on Aave V3 and Aave V4 have been frozen. Aave's contracts have not been exploited and this is an exploit related to rsETH. The freeze follows an exploit of the Kelp DAO rsETH bridge. Freezing the rsETH markets prevents new deposits and borrowing against rsETH collateral while the situation is assessed. We are reviewing information about rsETH borrows on Aave that occurred after the exploit and will share more details as soon as possible. If the protocol accumulates bad debt from this incident, we'll explore paths to offset the deficit.

As part of streamlining our SolvBTC ecosystem, we’re sunsetting bridging support for multiple lower-usage chains and strategies. Affected chains include: → Merlin, Taiko, Mode, Sonic, Corn, Soneium, Berachain, Linea, Rootstock, Polygon, Movement, zkSync Era, HyperEVM, TAC, + related variants. ⚠️Bridging for these will be disabled by end of June.⚠️ If you hold SolvBTC on any of these, please bridge back to our maintained chains (BTC Mainnet, BNB, ETH, Base, Ink, Solana, Starknet, Stellar, XLayer) before the deadline. We’re focusing resources on high-liquidity chains and core strategies to deliver better security, deeper integrations, and sustained performance for SolvBTC, xSolvBTC, and BTC+. Full related questions, feel free to submit a ticket to our discord.

One of our solutions to derisk the treasury is to require each future tranche to undergo a separate on-chain governance action and review, based on the KPIs delivered in Year 1 via our dashboard. DReps vote again with full visibility into Tranche 1 performance. This is not a single approval for $75M. When Tranche 2 comes around, our public on-chain dashboard and ecosystem KPIs will answer a straightforward question: Is the Orion Fund on track to deliver on the long-term goals, or not? The data will be transparent, and the community will have everything it needs to make that call. The ecosystem outcomes and objectives we are tracking are designed to show whether the fund is materially contributing to Cardano’s growth trajectory: - On-chain activity growth: Are portfolio companies generating measurable increases in transactions, unique addresses, and fee revenue on Cardano? - TVL contribution: What has the fund’s portfolio contributed toward the $3B+ target (RWA $1.5B+ / DeFi $1.5B+)? What percentage of the way are we? (Section 4.3) - Developer and builder pipeline: How many new developers and founders entered the ecosystem through Draper University and the venture studio? Are we on track toward the 7x monthly active developer target? (Section 4.3) - Venture studio output: Were the targeted 1–2 new Cardano-native companies incubated? Were up to 8 existing projects mentored and brought value? What is their on-chain footprint? (Section 5.2) - Accelerator outcomes: Did Hacker House onboard 15 early-stage teams? Did the Growth Accelerator produce 10 investment-ready companies? Are they building on Cardano, and what KPIs do they bring? (Section 5.3) - Institutional and liquidity impact: Has the fund brought new opportunities for exchange listings, liquidity providers, or institutional attention to Cardano-native projects? -Strategic partnerships: What new integrations, institutional relationships, or cross-ecosystem bridges resulted from fund activity? Disclaimer: Please note that our response, including all communications related to the proposal, is made with reference to the disclaimers set forth in Section 12 of the proposal.

Bridge Kit now supports Pharos. Builders can now integrate crosschain @USDC transfers in under 10 lines of code, enabling faster liquidity movement across RWAfi, DeFi, payments, and broader onchain applications. As the Pharos ecosystem continues expanding, seamless crosschain liquidity infrastructure will play a key role in onboarding the next wave of users and assets onchain. Start building:

Bridge-to-Earn Snapshot is live! Go to the new planet, complete the tasks, and whitelist your wallet. Deadline: April 24, 16:00 UTC. Secure your airdrop allocation now.

Following recent bridge exploits, Lido contributors are publishing the security principles behind wstETH’s multi-chain strategy, and why @chainlink CCIP was selected as the official cross-chain solution. The analysis covers how Chainlink CCIP delivers strong decentralization, native safeguards, and issuer control as default protocol-level guarantees, which insulates wstETH from a number of attack vectors behind the Kelp / LayerZero exploit. This decision was made last November by the Network Expansion Committee, with CCIP securing wstETH via 16 independent node operators, native rate limiting, and no vendor lock-in over token contracts. Read the full breakdown from Lido contributors: