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Circle Proposal For Aave, Road To Devcon 8, Fluid aWETH Redemptions On L2

Circle proposes a USDC rate hike on Aave. The EF announces the Road To Devcon 8 Academic Program. And Fluid extends aWETH redemptions to L2.

Quick Take

  • Circle proposal for Aave.

  • Road to Devcon 8 grants.

  • Fluid aWETH redemptions on L2.

  • Shutter DAO funding model.



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Circle Pushes USDC Rate Hike On Aave

Circle proposes raising USDC borrowing rates on Aave to ease liquidity stress after the KelpDAO exploit pushed utilization to 100%. The plan aims to attract deposits but faces criticism over liquidation risks and Circle’s reluctance to inject liquidity. Read more →

Road To Devcon 8 Academic Program

The Ethereum Foundation launched a grant program to fund regional events ahead of Devcon 8 in Mumbai (Nov 2026), with support for meetups, workshops, and discounted tickets for students and academics. Read more →

Fluid aWETH Redemption Protocol On L2

Fluid expanded its aWETH redemption tool to Arbitrum and Base, enabling users to swap aWETH collateral for wstETH or weETH. The protocol has already processed $400m in volume on Ethereum, helping unwind looped Aave positions. Read more →

Perpetual Endowment Network (PEN)

Shutter Network introduced PEN, a DAO funding model using a perpetual endowment to generate yield for governance spending, featuring non-transferable voting seats and a dual-vault treasury system. Read more →

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