Project Progress

Gate News message, April 23 — Self-custodial crypto neobank Avici has launched two new products, Grow and Smart Credit, in partnership with Jupiter Lend and Fluid. Avici Grow allows users to deposit assets and earn yield with no lock-up period, enabling withdrawals at any time. Smart Credit

Gate News message, April 23 — KelpDAO announced it is actively advancing a recovery solution following a recent security incident, with discussions progressing in a positive direction over the past few days. The project emphasized its core principle of "user first," stating that all subsequent

Gate News message, April 23 — Dan Finlay, co-founder and longtime developer of MetaMask, announced on Wednesday that he is departing from Consensys, effective immediately. In a post on social media platform X, Finlay cited burnout after spending a decade building the crypto wallet and said he

Gate News message, April 23 — Aave's Ethereum platform has been frozen for nearly four days as USDC utilization reached 99%, locking approximately $1.86 billion in user funds. Circle's chief economist, Gordon Liao, has proposed an emergency governance intervention to address the crisis, marking a ra

Gate News message, April 23 — YGG Play and Verse8 announced Bank or Plank as the winner of BuidlHack 2026's Casual Degen track, with 120 teams competing to build playable crypto-native games using AI tools in Seoul during Korea BUIDL Week. Bank or Plank, a 3D multiplayer pirate board game created b

Gate News message, April 23 — American Bitcoin (ABTC), co-founded by the sons of U.S. President Donald Trump, expanded its mining operations in Alberta on April 22, bringing over 11,000 additional ASIC units online at its Drumheller facility. The deployment lifted the company's total hashrate to

Gate News message, April 23 — South Korea's Korea Exchange (KRX) announced on April 23 that it is constructing a domestic tokenized securities (STO) platform and working to establish a new securities market to support the initiative. According to KRX Chairman Jung Eun-bo, the exchange is

Gate News message, April 23 — Cardano's core development company Input Output submitted nine funding proposals to the community treasury for 2026 totaling $46.8 million, a significant 52% reduction from last year's $97.5 million as the organization moves toward reduced reliance on community funding.

Gate News message, April 23 — Cardano's core development company Input Output submitted nine funding proposals totaling $46.8 million to the community treasury for the 2026 fiscal year, representing a significant 52%

MetaMask co-founder and longtime developer Dan Finlay posted on the X platform on April 22 to announce that it was his last working day at Consensys. He said he is stepping down due to extreme physical and mental burnout caused by more than a decade of work developing crypto wallets, and he plans to spend more time with his family. On the same day, Finlay also announced the launch of MetaMask’s ERC-7715 advanced permissions feature.

According to SolanaFloor’s April 23 report, the Solana-based decentralized trading aggregation platform Jupiter has officially launched the Jupiter Prediction Bot, bringing prediction market functionality to the Telegram platform so users can access prediction markets without leaving their messaging app.

Pi Network core team released the second Pi Request for Comments draft (PiRC2) on April 23, announcing that the testnet will open subscription smart contracts for technical review and community feedback, and inviting developers to test the subscription feature integration, review contract design, and identify potential vulnerabilities. As of the time of reporting, the PI token is about $0.17, unchanged from the previous day.

Gate News message, April 23 — Aurise Foundation announced the launch of XAUE, a yield-bearing gold token on Ethereum, designed to serve as a yield-generating treasury for Tether Gold (XAU₮). XAUE is tailored for compliant institutional participants and introduces crypto-native yields to

Gate News message, April 23 — Solana co-founder Toly called for a "return to open-source immutable software" and expressed greater confidence than ever in removing admin keys. He deployed an immutable binary program called percolator and deposited approximately 5 SOL into its vault, with all admin k

According to a report by Decrypt on April 23, game blockchain Ronin’s developer, Sky Mavis, announced that Ronin will migrate from the Ethereum sidechain to Ethereum Layer 2 on May 12, using the OP Stack technical architecture; during the migration, the mainnet will be down for about 10 hours between 11:00 AM and 9:00 PM Eastern Time.

According to on-chain analyst Yujin’s monitoring data on April 23, the total deposits on the Aave platform have fallen from $45.8 billion before the KelpDAO rsETH exploit event to $29.6 billion. On the same day, Ether.fi posted an announcement on the X platform stating that its Liquid ETH vault has officially opened to accept aWETH deposits, providing an exit route for users who face liquidity constraints on the Aave platform.

Gate News message, April 23 — Ronin, a gaming blockchain, will migrate from an Ethereum sidechain to Ethereum Layer 2 on May 12. The migration will be triggered at block height 55,577,490 and will transition Ronin to OP Stack. The mainnet will experience approximately 10 hours of downtime, from 11 a

Gate News message, April 23 — MetaMask co-founder Dan Finlay announced his departure from Consensys today after more than ten years with the company. Finlay cited burnout and the need to spend time with family as reasons for leaving. Finlay expressed enthusiasm about the Advanced Permissions

Abstract: KelpDAO hit Aave; TVL fell from $26.3B to $16.4B. Fluid launched a WETH redemption enabling ETH-to-wstETH swaps as DeFi TVL declined; Aave still has the largest TVL and institutional backing.

Summary: Circle proposes an emergency Aave V3 USDC overhaul, lifting Slope 2 to ~40% to restore healthy utilization (target ~85%), with max rate rising to ~48%, arguing borrowers ignore rates; also suggests pausing the USDC risk oracle. Abstract: Circle has urged an emergency overhaul of Aave V3's USDC pool after four days at near-6% idle liquidity and 99.87% utilization following the KelpDAO exploit. The plan would immediately raise Slope 2 for USDC deposits from about 10% to 40%, followed by governance ratification of a 50% target within a week. The aim is to attract supply and restore balanced utilization, with a move to a higher max supply rate (about 48%) at full utilization. Liao argues current borrowers use USDC borrowing as a queue-bypass mechanism and are insensitive to current rates, making supply-focused incentives essential. The proposal also recommends pausing the USDC Risk Oracle due to past underperformance. Circle’s stance is notable because a stablecoin issuer is essentially saying the market for its asset on Aave is broken.