After a comprehensive review, Aave is deprecating 50 low adoption asset reserves across multiple deployments.
In addition, Aave is orderly winding down deployments on Sonic, Scroll, zkSync, Metis, Soneium, and Aptos, covering another 25 asset reserves.
As part of this process, 21 matured Pendle PTs are also being deprecated in favour of new maturities.
In total, the changes affect $98.1M in supply and $15.6M in debt.
These measures reduce Aave's economic and technical risk surface as part of the new Aave Risk Framework and Technical Asset Listing Framework.
Aave will continue applying continuous risk assessment for all assets across all deployments.
Aave is proud to support @ethereuminsti and its mission to expand institutional adoption of @ethereum.
More institutions onchain means more capital flowing through open financial infrastructure, and Ethereum has been a home to Aave since day one.
The Clarity Act protects writing and publishing code, giving developers the legal certainty to build the next generation of DeFi in the United States.
Aave Labs has been building open financial infrastructure for nearly a decade, and we support regulation that better informs and protects builders.
We believe this bill would bring more institutions, more capital, and more users onchain.
Clarity act would give banks statutory authority to use digital assets and distributed ledgers without prior notice or approval needed, ranging for custody, staking and lending. This is a big TAM expansion for crypto.
Certora has formally verified Stable Vaults.
This process covered the StableVault, Funds Handler, Asset Registry, Allocator, and IOU token contracts.
The verification confirmed that the Solidity implementations are correct according to @Certora's formal rules.
Impersonators are one of the worst thing in crypto.
So we built Aave Verify: confirm an account is a legit Aave Labs contact before you share a single detail.
@aave will win.
If you have an iPhone, are based in US, and want to user test @aave app, follow us on IG and comment a 👻 here (we’ll be choosing a few folks to get beta access):
The digitalization of the Italian consulate needs to be studied:
- Log in to things that you've never signed up for, somehow magically registered.
- Request an obscure document, get 3x failed request notifications. Write 10 emails that go unanswered.
- Log in 3 weeks later, click weird new "download" button, pray for your laptop -> obscure document is now with you.