Aave DAO offers 25k ETH to DeFi United.
EF swaps aWETH for wstETH.
Polymarket plans a chain migration.
Bitmine buys 10k ETH from EF.
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Aave service provider TokenLogic proposed allocating 25,000 ETH from the Aave DAO treasury to DeFi United, the coalition aiming to fully restore backing for KelpDAO's rsETH. Aave calculates a residual funding gap of approximately 75,081 ETH after the Arbitrum Security Council's 30,766 ETH freeze and expected liquidation recoveries from the attacker's positions on Aave and Compound. Aave's contribution, combined with Mantle's 30,000 ETH credit facility and pledges from Lido, EtherFi, Ethena, Ink, BGD Labs, and others, is expected to completely fill the rsETH shortfall. The proposal will advance to a Snapshot vote by AAVE token holders. Read more →
The Ethereum Foundation exchanged 21,269 aWETH from its Aave lending position for 17,254 wstETH in a transaction with Mellow and Lido Finance. Mellow, a curator for Lido's EarnETH vault, used the aWETH to pay down the vault's WETH debt on Aave after the KelpDAO exploit drove Aave's WETH market to peak utilization. The swap reduced EarnETH's outstanding WETH debt from approximately 82,000 to 62,000 WETH, improving the vault's health factor. Read more →
Polymarket's VP of Engineering DeFi posted an engineering roadmap to scale the platform's infrastructure to meet growth. The roadmap includes plans for a chain migration aimed at offering more block space, lower gas costs, and faster block times. It was not specified whether Polymarket will launch its own chain or migrate to an existing L1 or L2. Other near-term priorities include rebuilding CLOB, reducing onchain data latency, and shipping a unified TypeScript SDK and WebSocket API. Read more →
Ethereal news weekly #20
EF sells 10k ETH to Bitmine
Storm faces potential retrial
DeFi United public contributions
DeFi United dashboard
Ernesto contributes 100 ETH
BGD Labs contributes 250 ETH
Chainlink data on AWS
Lighter supports ETH collateral
Sky Laniakea institutional infra
mETH enables redemptions
Fluent L1 goes live
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