• Circle proposal for Aave.

• Road to Devcon 8 grants.

• Fluid aWETH redemptions on L2.

• Shutter DAO funding model.

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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 →

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 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 →

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 →

• Besu 26.4.0 release

• 200 ETH Security badges issued

• Growthepie app upgrade

• Catalysis live on Ethereum

• Grantr prototype for EIP-8141 frames.

• Dan Finlay leaves Consensys

• Base Kipseli propAMM bug

• Polymarket hair dryer manipulation

• Justin Sun sues WLFI

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

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.

• Arbitrum freezes 30k ETH.

• Base announces Azul upgrade.

• Coinbase quantum paper.

• OP Labs ships Privacy Boost SDK.

EarnUSD is a stablecoin vault by Lido for earning transparent, onchain USD-denominated rewards. Get started today at stake.lido.fi/earn

The Arbitrum Security Council executed an emergency upgrade to freeze 30,766 ETH from an address involved in the KelpDAO exploit, moving $71 million into a frozen intermediary wallet. The council briefly modified the inbox contract on L1 to include a function enabling cross-chain messages that could impersonate any sender, used it once to transfer the funds, then restored the contract. The Arbitrum DAO will decide the next steps. Read more →

Base announced the Azul upgrade, its first standalone network upgrade. It introduces multiproofs and brings Base closer to Stage 2 decentralization. The upgrade also consolidates operations onto base-reth-node and a new base-consensus client built on Kona. Azul is now live on testnet with mainnet activation set for May 13, 2026. Base is also hosting a $250,000 audit competition through May 4. Read more →

The Coinbase Quantum Advisory Council released its first position paper examining quantum computing's impact on cryptocurrency. The report concludes that current cryptographic systems remain secure today, but advances in quantum computing could compromise crypto security within the next decade. Specifically, current wallet-level signature schemes are significantly more vulnerable. Read more →

Optimism introduced Privacy Boost, a plug-and-play SDK for adding confidentiality to any OP Stack chain. The release aims to help projects meet regulatory requirements such as MiCA, BSA, AML/KYC, and GDPR. Privacy Boost combines zero-knowledge proofs with trusted execution environments on a UTXO-based model, generating proofs in under 500 milliseconds, and features a forced withdrawal option. Privacy Boost is now live on OP Mainnet. Read more →

• Ethereum fellowship Cohort 6 recap

• Aave unfreezes Ethereum core WETH

• Mantle working with Aave on recovery

• Mantle transitions to ZK Rollup

• Etherealize path to $250k ETH

• How EEZ unifies Ethereum

• Aztec Dev Fundamentals course

• OpenGradient launches on Base

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