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Aave is one of DeFi's biggest lending protocols — a place where you can earn yield on assets or borrow against them with no bank involved. Here is how it works.
The 30,765 ETH is a sliver of Aave TVL but the precedent is the story: a DAO-level vote becomes the legal bridge between DeFi custody and a US terrorism judgment.
The proposal adds a major protocol treasury to a recovery coalition that has already cut the bridge-incident shortfall to roughly 75K ETH from an initial 163K.
The order is a narrow procedural win for the recovery plan — but the restraining notice now follows the ETH wherever it lands, keeping terrorism judgment creditors one step behind the protocol.
Ethena's USDe dollar posts double-digit yield by going long spot ETH and short ETH perps, but the trade depends on funding rates staying positive and counterparty solvency holding.
Ethena's USDe pays yield through ETH perp funding rates, not bank deposits. The mechanism is clever but the trade has real failure modes that can collapse headline APY.
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