Aave

The first tranche of rsETH has been transferred into the LayerZero OFT adapter, and rsETH bridging between mainnet and L2s is back open.

The latest market structure bill markup just dropped, and I want to highlight how important it is for DeFi. The Clarity Act is fundamental to giving DeFi developers the confidence to build in the US, backed by strong developer protections. If the US wants to lead in DeFi, the framework must preserve the ability to build and maintain decentralized protocols without imposing unworkable obligations on DeFi developers that are better suited for centralized models. If US succeeds, rest of the world will follow. The question of yield has always been largely irrelevant, in my humble opinion. Passage of the Clarity Act could create a similar tailwind for DeFi as the Genius Act did for stablecoins. That’s far more important than anything else: giving developers the clarity and confidence to build the future financial rails the world will rely on. I appreciate all the work the Senate Banking Committee members have done throughout this long process, and I encourage members to vote in favor of a bipartisan framework that developers can rely on. DeFi will win.

The first set of steps in the rsETH technical recovery plan are complete, including burning the exploiter's rsETH on Arbitrum. Progressively refilling the LayerZero OFT adapter and reopening rsETH operations will follow over the coming days.

1/ $GHO incentives are back on @0xfluid. 83,000 $GHO distributed across Mainnet, Plasma and Arbitrum for the next 4 weeks. Full breakdown ↓

Wondering how @aave makes money? Track the source of every dollar the Aave DAO earns, in real time. → aave.tokenlogic.xyz/financials

📅📊 @aave April 2026 Report is out! Key metrics for April: • TVL: $36.67b • Active loans: $15.45b • Fees: $56.53m • Revenue: $7.80m • Monthly active users: 116.6k • Market share: 58.13% • GHO market cap: $532.35m Learn more 👇

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. forum.arbitrum.foundation/t/constitution…

Aave V4 growth is up and to the right with limited supply and borrow caps. Imagine when the floodgates are opened.

@tokenterminal @ethereum 👻

👻4⃣ @aave v4 deposits on @ethereum surpass $50 million, up ~100% over the past month. A chart to follow 👇

Aave V4 reached a new milestone. Launch is still controlled and guarded with periodic cap increases, no incentives, no points.

Aave V4 crossed $50 million deposits. Supply and borrow caps will continue increasing as the protocol matures.

Go check out markets pages in pro.aave.com and if you’re interested in working on Pro and contributing to a long list of upcoming features DM me.

Find Aave Pro here: pro.aave.com

Aave Pro's new markets feature brings market data, deposit and borrow assets, connected hubs, market composition, and more into a single view. Start exploring V4 below.

Enjoyed this chat with @Sylviatoeth after an eventful 1.5 weeks at @aave 🫨