As of this writing, millions of dollars in bad debt have been incurred in Gauntlet's Morpho vault due to the Resolv USR vulnerability. Almost all of the bad debt occurred after the vulnerability was exploited. So why would a curator provide millions of dollars in USDC to a market that has already collapsed? Let's delve into that.

Aave has no exposure to Resolv USR. Resolv is Aave's liquidity provider, supplying backing assets for its protocol. These assets remain safe as the backing assets themselves have not been affected. Resolv will be able to exit smoothly and has already begun repaying its debt. This event will not have any adverse impact on Aave's liquidity provider or on the Aave protocol itself.

On March 31st, a heated debate between bull and bear markets will take place at the Real World Assets Summit in Cannes. Fireside Guests: • @StaniKulechov - @aave • @santiagoroel - @inversion_cap Moderator: • Colin Jones - @OuterlandsCap

During the V4 upgrade, the @aave team collaborated with Sherlock in three main phases: a multi-stage collaborative audit with Blackthorn, a $365,000 audit competition, and a bug bounty program to protect the code after deployment. For one of the largest architectural changes in Aave's history, the tolerance for any overlooked issues was virtually zero. Sherlock's involvement aimed to provide in-depth research into the entirely new aspects of V4, particularly the Hub-and-Spoke architecture and the risk premium system.

Congratulations on the launch of the @tempo mainnet! We are very much looking forward to developing innovative credit products on this network. More details will be announced soon.

The @GHO rewards program is now live on the Aave @Plasma marketplace. Earn rewards by supplying GHOs.

🚨 Missed something great? @aave founder @StaniKulechov's latest podcast is now available: Aave is at a turning point—will the new proposals bring innovation or chaos? “This is undoubtedly a new chapter in Aave’s history.” —Stani Kulechov says in the latest episode. Watch the full episode: YOUTUBE 📷 SPOTIFY 🎙️

Tokenized assets need well-functioning markets, not just issuance. Emilyio Frangella (@The3D_), Senior VP of Engineering at @aave, will discuss the liquidity, pricing, and composability of on-chain RWA in the secondary market from a protocol perspective. JW Marriott Hotel · Cannes · March 27-28

Earlier today, a user attempted to purchase AAVE with $50 million worth of USDT through the Aave trading interface. Due to the unusually large order amount, the Aave trading interface (like most trading interfaces) warned the user of abnormal slippage and required confirmation via a checkbox. The user confirmed the warning on their mobile device and proceeded with the exchange, accepting the high slippage and ultimately receiving only 324 AAVE. The user had to explicitly accept the risk by confirming the checkbox for the transaction to continue. The CoW exchange routing functioned correctly, and the integration process complied with industry standards. However, while the user was able to complete the exchange, the final result was clearly far from ideal. Such incidents occur frequently in the DeFi space, but the scale of this transaction far exceeds the typical occurrences in this sector. We deeply sympathize with the user and will attempt to contact them while refunding the $600,000 in fees charged on the transaction. The key point is that while DeFi should remain open and permissionless, allowing users the freedom to trade, the industry can build additional safeguards to better protect users. Our team will study how to further improve these safeguards.

Aave is about to launch V4, our first vault application. We chose to start with the DeFi protocol with the highest TVL value in the entire blockchain ecosystem, which has already validated the trustless vault model before scaling further. Aave's success makes all other conversations easier.