# 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.*

By [ETH Daily](https://ethdaily.io) · 2026-04-23

news, 2026, april2026

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Quick Take
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*   Circle proposal for Aave.
    
*   Road to Devcon 8 grants.
    
*   Fluid aWETH redemptions on L2.
    
*   Shutter DAO funding model.
    

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[

Circle Proposes USDC Rate Hike On Aave
--------------------------------------

Listen to this episode from ETH Daily Crypto News on Spotify. Circle proposes a USDC rate hike on Aave. The EF announces the Road To Devcon 8 Academic Program. Fluid extends aWETH redemptions to L2. And Shutter outlines a new sustainable funding model for DAOs.

https://spotify.com

![Circle Proposes USDC Rate Hike On Aave](https://storage.googleapis.com/papyrus_images/c63db428dc2eb43628042d985cb0cfc54153db33dc071b07982d402665d47867.jpg)

](https://open.spotify.com/episode/0vRVoOPmrsUcDdWDLS5wrc)

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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 →](https://ethdaily.io/circle-usdc-rate-hike-aave)

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 →](https://ethdaily.io/road-to-devcon-8-academic-program)

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 →](https://ethdaily.io/fluid-aweth-redemption-protocol-on-l2)

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 →](https://ethdaily.io/shutter-introduces-perpetual-endowment-network-pen)

Other News
----------

*   Besu 26.4.0 [release](https://x.com/HyperledgerBesu/status/2046984536639021555)
    
*   200 ETH Security badges [issued](https://x.com/thedaofund/status/2046971022897819900)
    
*   Growthepie [app upgrade](https://x.com/growthepie_eth/status/2046969583391674879)
    
*   Catalysis [live on](https://x.com/0xcatalysis/status/2044053623328649584) Ethereum
    
*   Grantr [prototype](https://github.com/alexanderchopan/grantr) for EIP-8141 frames.
    
*   Dan Finlay [leaves](https://x.com/danfinlay/status/2047101119709827580) Consensys
    
*   Base Kipseli [propAMM bug](https://x.com/TheDEFIac/status/2046973478595641435)
    
*   Polymarket [hair dryer](https://x.com/JeremiahDJohns/status/2047040658506977628) manipulation
    
*   Justin Sun [sues](https://x.com/justinsuntron/status/2046787043557244983) WLFI
    

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Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.

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*Originally published on [ETH Daily](https://ethdaily.io/931)*