Fluid Extends aWETH Redemption Protocol To L2
Aave users on Arbitrum and Base can now swap their frozen aWETH collateral for wstETH or weETH.
Fluid extended its aWETH Redemption Protocol to L2 networks, launching first on Arbitrum and Base. The solution allows Aave users to swap their frozen aWETH collateral for wstETH or weETH, for a fee of roughly 2%. On Ethereum mainnet alone, the protocol has already facilitated $400 million in aWETH redemptions.
The service helps protocols unwind looped Aave positions more efficiently. It works by pairing protocols running looping strategies with WETH lenders on Aave. Initial liquidity was absorbed within hours of launch, and the pool is expected to be replenished. EtherFi also launched an aWETH redemption tool for Ethereum mainnet.
EarnUSD is a stablecoin vault by Lido for earning transparent, onchain USD-denominated rewards. Get started today at stake.lido.fi/earn
Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.
Base Introduces Multiproofs With Azul Upgrade
Base's first standalone upgrade since leaving the Superchain introduces multiproofs combining TEE and ZK, plus a new client stack built on OP Kona.
Base announced the Azul upgrade, its first standalone network upgrade since departing Optimism's Superchain. The upgrade introduces multiproofs, enhancing security, decentralization, performance, and the overall developer experience. By combining Trusted Execution Environments (TEE) with zero-knowledge (ZK) proving, multiproofs move Base closer to Stage 2 decentralization.
Azul also streamlines the network architecture by consolidating operations onto a single execution client, base-reth-node, alongside a new consensus client, base-consensus, built on OP Kona. The upgrade is already running on testnet, with mainnet activation set for May 13, 2026. Node operators will need to transition to the new client stack ahead of that date.
Base is currently hosting a $250,000 audit competition on Immunefi running through May 4. Looking ahead, the team plans to introduce an enshrined token standard and Flashblock access lists by the end of June, followed by native account abstraction by the end of August.
EarnUSD is a stablecoin vault by Lido for earning transparent, onchain USD-denominated rewards. Get started today at stake.lido.fi/earn
Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.