# 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.

**Published by:** [ETH Daily](https://ethdaily.io/)
**Published on:** 2026-04-23
**Categories:** news, 2026, april2026
**URL:** https://ethdaily.io/931

## Content

Quick TakeCircle proposal for Aave.Road to Devcon 8 grants.Fluid aWETH redemptions on L2.Shutter DAO funding model.Circle Proposes USDC Rate Hike On AaveListen 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.comSponsored byEarnUSD is a stablecoin vault by Lido for earning transparent, onchain USD-denominated rewards. Get started today at stake.lido.fi/earnCircle Pushes USDC Rate Hike On AaveCircle 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 ProgramThe 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 L2Fluid 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 →Other NewsBesu 26.4.0 release200 ETH Security badges issuedGrowthepie app upgradeCatalysis live on EthereumGrantr prototype for EIP-8141 frames.Dan Finlay leaves ConsensysBase Kipseli propAMM bugPolymarket hair dryer manipulationJustin Sun sues WLFIDisclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.

## Publication Information

- [ETH Daily](https://ethdaily.io/): Publication homepage
- [All Posts](https://ethdaily.io/): More posts from this publication
- [RSS Feed](https://api.paragraph.com/blogs/rss/@ethdaily): Subscribe to updates
- [Twitter](https://twitter.com/intent/follow?screen_name=ethdaily): Follow on Twitter