Crossed $1 billion wstETH on Aave Prime.

With over $285M in coverage, Aave is by far the most secure lending protocol in DeFi. Umbrella shields the protocol in real time from bad debt on $ETH, $USDC, $USDT, and $GHO. Together, $ETH, $USDC, and $USDT represent 87% of total borrowings on the Core instance, which is why they were selected for Umbrella coverage. Bad debt is one of the biggest threats for any lending protocol. Without proper protection, it can completely collapse and never recover, as this kind of failure breaks trust and damages the platform’s reputation. Aave and Gearbox are the only protocols that have funds allocate for protecting users, with Umbrella being the first fully automate system built by @bgdlabs. Its coverage is 2.5x larger than the combined treasuries of Morpho and Euler. No other protocol comes close to this level of protection. And the best part? It is fully funded by over $100M in real, organic protocol revenue, with an annual budget of $9.1M. In return, users who deposit earn juicy yields. For example, stkaUSDT is currently yielding 9.9%.

1/ USDC deposits and borrowings have recently hit all-time highs on Aave Core. This surge is directly increasing revenue from USDC borrow interest: ▪️ +14% over the last 7 days ▪️ +36.5% over the last 30 days ▪️ +85% over the last 90 days Let’s take a look at what’s driving this — and share a bit of alpha with you 👇

Hit $2.85 trillion all-time supplied assets. On to the next trillion.

Grove's first milestone: more than 1M posts. Secure, flexible, decentralized storage layer for web3 apps. Built by Lens.

RWAs are the next unlock.