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AAVE, the native token of the Aave DeFi platform, is now available on the Solana network.
AAVE has been launched on the Solana blockchain, giving Solana users direct access to Aave lending.
KEY POINTS
- The Solana Foundation is lending USDT to Aave to support recovery after the KelpDAO rsETH exploit.
- The April 18 KelpDAO exploit caused $292 million in outflows, impacting Aave, Compound, and Euler.
- Nearly $240 million in commitments have been pledged to DeFi United to recover from the exploit.
- Solana’s intervention marks a rare cross-chain effort, signaling deeper collaboration between blockchains during crises.
COMPANIES
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