Aave Pro Adds Wallet Monitoring
Aave Pro now supports a read-only view of Aave V4 positions, balances, and activity for any Ethereum address.
Aave Pro, the redesigned user interface for Aave v4, now supports wallet monitoring on any Ethereum address. The feature allows users to paste any wallet address to access a read-only view of Aave V4 positions, balances, and activity, without needing to connect the wallet directly. Users can set custom names and avatars per address. Aave V4 went live on Ethereum earlier this year, introducing a hub-and-spoke liquidity architecture first previewed alongside Aave Pro on testnet. Recent V4 product updates include the upgrade of sGHO to an ERC-4626 vault and the activation of Chainlink SVR on V4 Ethereum Core.
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MegaETH Incentives Live On Aave
Aave V3 MegaETH market launches incentives for USDm, with USDe deposits already exceeding $100 million.
Incentives are now live for USDm on the Aave V3 MegaETH market. The market supports both USDm and Ethena's USDe stablecoin, with USDe already seeing over $100 million in deposits. Users can supply USDe as collateral to borrow USDm, earning a promotional rate of about 3% APY.
Over 342 million USDm has been deposited into the market so far. Aave is also planning to increase USDe deposit caps to a target of $500 million on the market. MegaETH is a high-performance Ethereum-compatible chain launched in February 2026.
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Circle Pushes USDC Rate Hike On Aave
Circle Chief Economist Gordon Liao proposes raising the USDC interest rate slope on Aave v3 Ethereum Core from 10% to 40% to attract liquidity after the KelpDAO exploit.
Circle's Chief Economist Gordon Liao has published an Aave governance proposal to raise the interest rate slope on the USDC market on Aave v3 Ethereum Core from 10% to 40% initially, with a target of 50%. He believes that higher rates will attract new USDC liquidity providers in an effort to bring utilization back down. The proposal comes in response to the KelpDAO exploit, which has driven the USDC lending market on Aave to 100% utilization for the last four days, leaving lenders unable to withdraw their funds due to insufficient liquidity.
As the proposal notes, debt repayments are being immediately absorbed by a queued withdrawal backlog. The proposal faced community pushback as raising the rate slope can accelerate harm. Higher rates risk triggering liquidations for borrowers who are already trapped. Liquidity providers are reluctant to deposit due to the current uncertainty around a potential lender haircut.
Circle has also faced broader criticism for not offering to inject liquidity directly into its own asset pool as the issuer of USDC. Earlier this month, Circle failed to freeze USDC connected to the DPRK in the Drift Protocol exploit.
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Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.