Category: Business

  • Aave launches V4 on Ethereum with shared liquidity model for onchain lending

    Aave launches V4 on Ethereum with shared liquidity model for onchain lending

    Aave Labs has launched Aave V4 on Ethereum mainnet, introducing a new architecture designed to make onchain lending more scalable and flexible. The release marks the protocol’s biggest structural change since V1 and comes after more than two years of development.

    The core change is V4’s hub and spoke model. Under the new setup, a central liquidity hub holds assets while connected spoke markets can define their own collateral types, risk settings, and liquidation rules. That allows multiple lending environments to share one pool of capital instead of each market needing to bootstrap deposits on its own.

    Aave says that design should let very different use cases sit on top of the same liquidity base, from more conservative institutional style markets to ETH correlated borrowing setups and strategy-focused environments. At launch, V4 goes live on Ethereum with three liquidity hubs, including Core, Prime, and Plus, alongside e-Mode spokes for closely correlated collateral and borrowed assets.

    The protocol is also rolling out Aave Pro, a new interface built for V4 that gives users a single view across hubs and spokes, including rates, health factor, and risk premium data. Aave said the aim is to keep the user experience familiar even as the underlying market structure becomes more modular.

    The launch comes with deliberately conservative supply and borrow caps. Aave said those limits will be raised gradually by governance as live usage is observed, reflecting a cautious rollout for a system meant to support a wider range of lending markets over time.

    The protocol says it has processed more than $1 trillion in cumulative loans and controls over half of the decentralized lending market. Recent market data also points to Aave remaining the dominant player in DeFi lending going into the V4 launch.

    Aave said V4 went through about 345 cumulative days of review involving four audit firms, four independent researchers, and a six-week Sherlock contest with more than 900 participants. Recent reports on the audit process said the review included formal verification, manual audits, fuzzing, and invariant testing, with no critical or high-severity bugs disclosed publicly.

    The broader bet behind V4 is that DeFi lending still has a long runway. Aave argues that onchain lending remains a tiny fraction of global financial assets, and V4 is built to help close that gap by making it easier to launch specialized markets on top of shared liquidity.

  • NYSE Parent Company Finalizes Polymarket Investment, Totaling $1.6 Billion

    NYSE Parent Company Finalizes Polymarket Investment, Totaling $1.6 Billion

    In brief

    • ICE has invested another $600 million into Polymarket, fulfilling its commitment made in October.
    • Rival Kalshi recently raised $1 billion at a $22 billion valuation, outpacing Polymarket’s current valuation.
    • Prediction markets face mounting regulatory pressure, with lawmakers moving to ban insider trading on the platforms.

    New York Stock Exchange parent company Intercontinental Exchange has completed its investment into prominent prediction market platform Polymarket, with the final total landing at $1.6 billion.

    ICE said the new funding is part of an equity capital fundraising by Polymarket, and that the firm intends to purchase up to $40 million worth of Polymarket securities from existing holders.

    The NYSE parent company made a commitment of up to $2 billion to Polymarket in October 2025 that valued the company at $9 billion. Back then, the company made a $1 billion initial investment. The additional $600 million and the plan to purchase securities from existing investors mean that the firm’s obligations to Polymarket have now been fulfilled.

    Polymarket has been locked in a heated competition with rival platform Kalshi, even when it comes to fundraising.

    Kalshi just raised $1 billion earlier this month in a round led by Coatue Management, at a $22 billion valuation—double its $11 billion valuation from a December round backed by Paradigm, Andreessen Horowitz, Ark Invest, and Sequoia.

    Kalshi has been on a rapid fundraising tear since winning a CFTC court battle in May 2025. That cleared the way for its election contracts to be offered and the company to scale from a $2 billion valuation in June 2025 to its current $22 billion in under a year.

    Polymarket recently put together a 3-day Washington D.C. pop-up experience, the Situation Room, which was billed as the world’s first brick-and-mortar destination for monitoring global prediction markets. It got mixed reviews from journalists in attendance—tech outlet Wired called it “a disaster,” due to the screens being off on opening night thanks to technical difficulties.

    The investment comes as prediction markets face growing regulatory scrutiny in Washington and in multiple states.

    Massachusetts Rep. Seth Moulton banned his staff from trading on platforms like Polymarket and Kalshi this week, citing concerns about insider trading. The additional funding for Polymarket arrives a few weeks after bipartisan lawmakers introduced the PREDICT Act to extend similar restrictions to members of Congress, senior officials, and their families.

    Separately, senators have proposed bans on sports contracts and war-related markets, following controversy over profitable bets tied to U.S. strikes on Iran and the capture of Venezuela’s Nicolás Maduro. Also on Friday, California Governor Gavin Newsom signed an executive order to ban state officials and governor appointees from betting on prediction markets using insider info.

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  • Anthropic’s ‘Most Capable’ AI Model Claude Mythos Leaks, Deemed Major Cybersecurity Threat

    Anthropic’s ‘Most Capable’ AI Model Claude Mythos Leaks, Deemed Major Cybersecurity Threat

    In brief

    • A leaked draft post revealed Anthropic’s most powerful AI model, Claude Mythos.
    • The model also appears to introduce a new tier above Opus, internally referred to as “Capybara.”
    • Cybersecurity stocks declined after reports suggested the system could accelerate AI-driven cyberattacks.

    Claude creator Anthropic is developing a new AI model called Claude Mythos, described internally as the company’s most capable model to date, with draft materials about the system being leaked online this week.

    The existence of the model was first reported by Fortune on Thursday after unpublished files tied to Anthropic’s blog were discovered in a publicly accessible data cache. An Anthropic spokesperson confirmed the existence of the model to the publication.

    “We’re developing a general purpose model with meaningful advances in reasoning, coding, and cybersecurity,” an Anthropic spokesperson told Fortune. “Given the strength of its capabilities, we’re being deliberate about how we release it. As is standard practice across the industry, we’re working with a small group of early access customers to test the model. We consider this model a step change and the most capable we’ve built to date.”

    In an archived development page reviewed by Decrypt, Anthropic called Mythos “the most powerful AI model we’ve ever developed.”

    “Mythos is a new name for a new tier of model: larger and more intelligent than our Opus models—which were, until now, our most powerful,” Anthropic wrote. “We chose the name to evoke the deep connective tissues that link together knowledge and ideas.”

    According to Anthropic, Mythos scored “dramatically higher” than Claude Opus 4.6 on tests of software coding, academic reasoning, and cybersecurity.

    The leak of Mythos appears to have originated from draft materials stored in an unsecured content management system. According to Fortune, Anthropic restricted public access to the data store after being notified that the files were searchable online. The company attributed the exposure to human error in the configuration of its CMS tools.

    However, Anthropic’s documents labeled Mythos as version one of the new model, and described version two internally as “Capybara,” which the company also positioned above its current top-tier Opus models.

    The draft materials also highlighted concerns about the system’s potential cybersecurity implications.

    “Although Mythos is currently far ahead of any other AI model in cyber capabilities, it presages an upcoming wave of models that can exploit vulnerabilities in ways that far outpace the efforts of defenders,” the company wrote.

    Because of those risks, the company said it plans to release the model cautiously, beginning with a limited early-access rollout aimed at organizations working on cybersecurity defense.

    Anthropic did not immediately respond to Decrypt’s request for comment.

    While Anthropic took down the blog post, news of the leak quickly spilled into financial markets.

    Shares of several cybersecurity firms dropped after the reports surfaced, including Palo Alto Networks (PANW), which fell about 7%, and CrowdStrike (CRWD), which dropped roughly 6.4%. Meanwhile, Zscaler (ZS) declined around 5.8%, and Fortinet (FTNT) slipped about 4% during Friday trading, according to Yahoo Finance.

    The selloff reaction echoes a similar market response to the reveal of a new Anthropic product. In February, Anthropic unveiled Claude Cowork, an AI system designed to automate complex workplace tasks—including contract review and compliance—which triggered a broad sell-off across software and professional-services companies.

    That sell-off erased roughly $285 billion in market value as investors reassessed the long-term impact of AI agents on enterprise software businesses.

    “The market’s response was a signal, not that AI agents will immediately replace these businesses, but that investors are finally pricing in the structural risk that foundation model providers can now compete directly with the software layer,” Nexatech Ventures founder Scott Dylan told Decrypt at the time. “That’s a polite way of saying if Anthropic can build a legal workflow tool in-house, what’s stopping them from doing the same for finance, procurement, or HR?”

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  • Bitcoin Price Teeters on Iran Talks as Geopolitics and Options Flows Trap Price in Narrow Range

    Bitcoin Price Teeters on Iran Talks as Geopolitics and Options Flows Trap Price in Narrow Range

    Bitcoin price moved higher Sunday night into Monday after remarks from Donald Trump indicating the United States is engaged in discussions with a new leadership structure in Iran and that progress toward a potential agreement is underway.

    The comments helped lift risk appetite across digital assets after a weekend dip that briefly pushed bitcoin price toward the $64,000 area.

    The rebound added to a broader pattern of rangebound trading, with bitcoin holding between roughly $65,000 and $70,000 as markets continue to digest geopolitical developments, macroeconomic signals, and shifting liquidity conditions.

    The latest move followed a period of uneven price action marked by late-week weakness and early-week stabilization.

    Geopolitical risk tied to Iran remains a key driver of sentiment. Tensions around energy infrastructure, shipping routes, and potential escalation scenarios continue to feed uncertainty across global markets, with crypto responding to headline changes alongside equities and commodities.

    The conflict between Iran and Israel has escalated sharply, with U.S. and Israeli strikes hitting Iranian targets while Iran has responded with missile and drone attacks across the region, including strikes that affected Kuwait and other Gulf states, pushing the regional death toll above 1,900 in Iran and over 1,200 in Lebanon.

    President Donald Trump has alternated between claiming diplomatic progress and issuing severe threats to destroy Iran’s energy infrastructure, including oil facilities, desalination plants, and the strategic Kharg Island export hub if a deal is not reached soon.

    The fighting has widened regionally, with Gulf countries such as Saudi Arabia and the United Arab Emirates intercepting incoming missiles and drones, while tensions over shipping routes in the Strait of Hormuz continue to raise global energy concerns.

    Diplomatic efforts remain uncertain, with Pakistan attempting to mediate indirect talks involving regional powers, even as leaders like U.S. Secretary of State Marco Rubio suggests regime change in Iran may be underway.

    Bitcoin price reaction

    Bitcoin price has been stuck in a tight range around $70,000 since mid-February because multiple forces are offsetting each other. On one side, institutional investors have been selling covered call options on their Bitcoin holdings to earn extra income, which shifts “gamma” exposure onto market makers.

    Those market makers then hedge by buying when prices fall and selling when prices rise, which naturally dampens volatility and reinforces range-bound trading.

    At the same time, macro factors like safe-haven demand and rising U.S. yields are pulling Bitcoin price in opposite directions, keeping it trapped between roughly $65,000 and $75,000.

    Investors continue to rotate toward yield-bearing and lower-volatility assets while reducing exposure to risk assets tied to global uncertainty. Crypto markets remain reactive to headlines rather than driven by sustained inflow momentum.

    Despite softer institutional demand, underlying activity has not fully reversed. Prior weeks of inflows remain significant in scale, suggesting continued longer-term allocation interest even as near-term positioning shifts.

    For now, bitcoin price remains anchored in a tight trading band shaped by geopolitical developments, ETF flow trends, and expectations around upcoming U.S. economic data.

    This post Bitcoin Price Teeters on Iran Talks as Geopolitics and Options Flows Trap Price in Narrow Range first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

  • SIREN price token doubles in 24 hours as traders debate “legit defi or pump?”

    SIREN price token doubles in 24 hours as traders debate “legit defi or pump?”

    Siren ($SIREN) price has surged 109% in 24 hours to a $1.21B cap, up 9,095% from its low, as traders on X argue over “real DeFi” versus a coordinated pump.

    Siren’s $SIREN price has exploded into the top‑60 crypto assets by market capitalization after a 109% single‑day gain, putting the project at the center of one of this week’s most polarizing debates on X. CoinGecko data show $SIREN changing hands at about $1.75, with a market cap around $1.21 billion and 24‑hour trading volume of roughly $164.5 million, numbers more commonly associated with established DeFi names than relative newcomers. At current levels, the token is up an eye‑catching 9,095% from its March 2025 all‑time low, prompting some traders to draw comparisons with earlier cycle hyper‑performers that went from obscurity to multi‑billion‑dollar valuations in a matter of months.

    On X, one of the main threads tracking the move has framed the question bluntly: “Is this an actual DeFi protocol gaining traction, or just another coordinated pump?” That split tone captures the mood in trading circles, where some accounts point to rising on‑chain activity around $SIREN’s contracts and liquidity pools, while others note that a large share of volume is concentrated on a small number of venues—often a red flag in past episodes of aggressive, short‑term speculation. For now, concrete protocol metrics remain sparse compared to more established DeFi platforms, leaving traders reliant on price, volume and address growth rather than audited revenue or fee data.

    🚨ONCHAIN: EMBERCN SAYS WHALE HOLDS 88% OF $SIREN SUPPLY@EmberCN claims that @genius_sirenBSC’s recent price surge was caused by sudden accumulation by one whale entity.

    They say that some 88.5% of $SIREN is held by the whale which owns 52 out of the token’s 54 top holder… pic.twitter.com/HmrIWwPsKJ

    — BSCN (@BSCNews) March 24, 2026

    $SIREN is marketed as a DeFi‑focused token, with community advocates describing it as part of a new wave of permissionless trading and liquidity tools rather than a meme coin or simple governance wrapper. That puts it, at least thematically, in the same broad category as tokens tied to platforms like Uniswap or GMX, where value is supposed to accrue from trading fees, liquidity incentives and protocol usage. But where those projects publish detailed dashboards and historical metrics, the information around $SIREN’s underlying economics and roadmap is still patchy, which helps explain why the X debate has tilted so sharply toward the “pump versus traction” framing.

    In previous crypto.news coverage of sudden DeFi rallies, similar patterns have emerged: thin float, concentrated holdings and aggressive social media campaigns can combine with low liquidity to produce triple‑digit daily moves, only for prices to retrace once early buyers take profits. Another crypto.news story on whale‑driven breakouts documented how large wallets moving into and out of small‑cap tokens can amplify these swings, especially when retail traders are chasing green candles without clear fundamentals. A separate crypto.news story on market structure highlighted how fragmented liquidity and high funding rates in derivatives can further magnify upside and downside in these episodes.

    With $SIREN now sitting near $1.75 and a $1.21 billion market cap, the immediate question is whether the token can sustain its top‑60 status or whether it will follow the pattern of past parabolic moves that faded once attention shifted elsewhere. Traders will be watching for signs of organic growth—such as rising unique users, protocol fees and total value locked—rather than just continued spikes in volume and social mentions. If $SIREN does evolve into a genuine DeFi protocol with durable usage, this week’s 109% jump could be remembered as the moment it was “discovered.” If not, it risks joining the long list of tokens whose charts tell the story of a spectacular, but ultimately short‑lived, pump.

  • Analysis Company Shares Short-Term Outlook for Bitcoin (BTC)! Explains What’s Needed for an Uptrend!

    Analysis Company Shares Short-Term Outlook for Bitcoin (BTC)! Explains What’s Needed for an Uptrend!

    Bitcoin ($BTC) started the new week below $70,000. While the direction of the US-Iran conflict is being closely watched in both $BTC and global markets, an analysis firm has assessed the current situation.

    QCP Capital, a Singapore-based cryptocurrency analytics firm, stated that Bitcoin has entered a consolidation phase and is outperforming gold and stocks.

    $BTC briefly dropped to $65,000 during quiet hours in Asian markets, but quickly recovered.”

    It is currently trading steadily around $67,000 and is maintaining the stability it showed at the beginning of the week after the typical weekend decline.”

    Although Bitcoin started the new week with a recovery, it needs strong momentum to continue its upward trend from last week, especially given that the US-Iran conflict remains unresolved.

    Analysts also noted that the 10-day pause Trump set for a possible military operation against Iran would end on April 6.

    “It was noteworthy that Bitcoin remained in the $65,000 to $70,000 range.”

    Since the start of the conflict with Iran, while traditional markets have struggled under geopolitical pressure, $BTC has outperformed both gold and major equities.

    As Trump’s 10-day pause on attacks against Iranian energy infrastructure approaches its end on April 6, and markets prepare for a potential escalation, $BTC is likely to remain within this range.

    At this point, analysts note that $BTC’s short-term trend will remain largely news-driven.

    On the macroeconomic front, high oil prices and risks to critical shipping routes continue to support expectations of stagflation. According to analysts, even if tensions between the two countries ease, the risk of war will remain in the short term.

    Finally, analysts who examine derivatives markets say that volatility remained low after the expiration of the monthly option on Friday, and investors are still inclined to buy on dips.

    “The overall market structure signals caution, not panic, and a clear upward momentum has not yet emerged.”

    *This is not investment advice.

  • Bitmine makes biggest ether purchase in 2026 while other digital asset treasuries pull back

    Bitmine makes biggest ether purchase in 2026 while other digital asset treasuries pull back

    BitMine Immersion Technologies (BMNR) made its largest weekly purchase of either ($ETH) this year, adding 71,179 $ETH and extending a month-long ramp-up in buying even as crypto prices remain under pressure.

    The purchase, worth roughly $143 million at current prices, lifted the company’s total holdings to over 4.73 million $ETH, about 3.92% of the token’s supply, according to a Monday update. BitMine has now increased its buying pace for four straight weeks, stepping up from a prior average of 45,000 to 50,000 $ETH.

    The move stands out as most other large digital asset treasuries (DAT) halted crypto accumulation or even sold tokens during the crypto market downturn. Strategy (MSTR), the largest corporate bitcoin owner, was the only other major buyer in the recent months, and even the Michael Sayler-led company refrained, breaking a 13-week buying streak.

    Bitmine Chairman Thomas “Tom” Lee said the firm continues to see the current market as the final phase of a downturn as rising oil prices and geopolitical tensions keep risk assets under pressure.

    The company’s total crypto and cash holdings stood at $10.7 billion. In addition to its $ETH treasury, BitMine held 197 bitcoin, and $961 million in cash and equity stakes, including $102 million in Eightco Holdings.

  • Gavin Newsom Bans California Public Officials From Prediction Market Insider Trading

    Gavin Newsom Bans California Public Officials From Prediction Market Insider Trading

    In brief

    • California public officials are banned via executive order from using inside information to make money on prediction markets.
    • The ban extends to state officials and appointees using information to help others from profiting, as well.
    • The order follows continued scrutiny from Democratic lawmakers that have claimed Trump insiders are profiting from proximity.

    California is joining the crackdown on prediction market insider trading. 

    Democratic Governor Gavin Newsom signed an executive order, effective immediately, that prohibits public officials and decision-makers in the state from using inside information to profit via prediction markets. 

    “Public service should not be a get-rich-quick scheme,” said Newsom in a statement. 

    “At a time when Trump’s Washington is riddled with ethical failures and insider profiteering, California is drawing a bright line: If you serve the public as a political appointee, you serve the public—period,” he said, adding that his state wouldn’t “tolerate this kind of corruption.” 

    The move also prohibits appointees and officials from using inside information to help others—like children, spouses, and business partners—to profit from inside information. 

    Newsom’s executive order comes amid increasing scrutiny surrounding insider trading and prediction markets, particularly from Democrats. Earlier this month Democratic lawmakers introduced the BETS OFF Act, a federal bill that would ban prediction markets focused on war and other specific topics.

    Those types of markets, the lawmakers claim, have been profited on by those close to the Trump administration. Newsom, too, highlighted concerns that those in President Trump’s “orbit are exploiting confidential information for their own personal gain.”

    “We shouldn’t live in a country where government officials or well-connected people can make money off of secret information that is supposed to be used in the public interest,” Rep. Greg Casar (D-TX) said at the time of the BETS Off Act’s introduction.

    Both highlighted the events surrounding the January capture of Venezuelan leader Nicolas Maduro, where the suspicious timing of a user’s trades—just hours before intervention—led to more than $430,000 in profits on Polymarket and allegations of insider trading.

    Insider trading issues have been apparent elsewhere ,as well. Two Israelis were arrested for making trades on Polymarket using inside information they had about military secrets. Plus, a video editor for MrBeast was fined and suspended by Kalshi—and later fired from his job at Beast Industries—for using inside information to trade markets about what the YouTube personality would say in videos.

    The platforms are aware of the implications, especially as legislation and executive orders start to pile up. This week, the two major startups took steps to address issues related to insider trading, with Polymarket improving rules on market integrity while Kalshi implemented preemptive screening to ensure that politicians can’t make trades on associated markets.

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  • Strategy, BitMine and Robinhood Shares Hit Monthly Lows as Bitcoin Sinks Further

    Strategy, BitMine and Robinhood Shares Hit Monthly Lows as Bitcoin Sinks Further

    Major crypto-related stocks fell sharply Friday, with some hitting their lowest prices in at least a month as markets reacted to continued uncertainty around the Iran war, and Bitcoin fell to its lowest price since March 2.

    Bitcoin was recently trading at $65,804, down more than 4% on the day. It fell as low as $65,720 earlier Friday, which is the lowest price registered since March 2, the first business day after the United States and Israel began bombing Iran, as markets reacted to the surprise weekend assault.

    Other major cryptocurrencies are similarly feeling the pain, with Ethereum down about 4% to $1,980, Solana falling 5% to under $83, and BNB dipping 3% to $608. Over $500 million worth of crypto positions have been liquidated in the last 24 hours, per data from CoinGlass, with nearly 90% of the carnage coming from long positions.

    Strategy, the largest corporate holder of Bitcoin with approximately $50 billion in holdings, saw its stock (MSTR) fall more than 5% on the day as of this writing, recently trading below $126. It fell below $124 earlier Friday, marking its lowest price in more than a month.

    The top Ethereum treasury firm, BitMine Immersion Technologies (BMNR), similarly hit a monthly low of $18.42 earlier Friday, and was recently trading just above that level at a more than 4% daily dip. (Disclosure: BitMine Chairman Tom Lee is an investor in Decrypt‘s parent company, Dastan.)

    Crypto and stocks trading platform Robinhood (HOOD) also fell to a monthly low earlier Friday, trading just above $66. HOOD is now down more than 11% over the last month, with its six-month plunge now topping 50% as of this writing.

    Stock market indices are broadly down again Friday, with the Nasdaq falling 1.5% as of this writing, with the S&P 500 and Dow both down just over 1% each. U.S. President Trump said Thursday after markets close that he would pause a planned assault on Iranian energy sites, but Israel then said it would “escalate” attacks on Iran following missile strikes against it.

    Bitcoin traders have flipped increasingly bearish on the coin in the last couple days, with users on Myriad—a prediction market platform operated by Decrypt‘s parent company, Dastan—currently penciling in a 64% chance that Bitcoin’s next stop is $55,000 rather than $84,000. That sentiment was flipped as recently as early Thursday morning.

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  • Aave rolls out v4 on Ethereum, aiming to expand DeFi into real-world credit markets

    Aave rolls out v4 on Ethereum, aiming to expand DeFi into real-world credit markets

    Aave, one of the largest decentralized lending platforms, debuted its long-awaited v4 upgrade on Ethereum, aiming to push DeFi beyond crypto trading and into broader financial markets.

    The upgrade has been in development for about two years and is designed to make it easier to use Aave for a wider range of lending and borrowing activities, including those tied to real-world assets.

    The introduction follows months of internal debate over governance and value flow through the protocol. Disputes over interface fees, contributor roles and proposals to redirect product revenue to the decentralized autonomous organization (DAO) have highlighted tensions between decentralization and coordination, even as the work progressed.

    At a basic level, v4 changes how Aave organizes its markets. Instead of grouping everything together, the new system allows different types of lending markets to operate separately while still sharing the same pool of funds.

    That means users could eventually borrow and lend against more than just crypto tokens.

    For Aave Labs founder Stani Kulechov, the shift reflects a broader change in how decentralized finance is evolving. “Lending is based on trust… you need lending conditions that reflect market conditions,” he said in an interview with CoinDesk.

    The upgrade is designed to better handle that complexity. By separating different market types while sharing liquidity, Aave aims to support everything from traditional crypto lending to more complex situations like institutional borrowing and real-world assets.

    It also opens the door for others to build on top of the protocol more easily.

    “It also means that other teams can come and build and expand that infrastructure,” Kulechov said.

    Another goal is to make better use of the capital already in the system.

    “There’s some technical improvements where the float … can be reinvested,” Kulechov said, referring to idle funds that can now be deployed more efficiently.

    The new version went live with a limited set of markets and conservative settings. More features are likely to be added following governance decisions.

    “DeFi is stronger than ever,” Kulechov said. “A lot of these opportunities will come from value outside of DeFi.

    Read more: Aave labs proposes ‘Aave Will Win’ plan to send 100% of product revenue to DAO