A global dollar account in your pocket. Next week, Plasma One opens to (almost) everyone.

May was a big month for @aave. → $160M DeFi United coordinated recovery, no ghost left behind → V4 deposits 182% to a $119M ATH → sGHO upgrade live at a fixed 4.25% APR, with 125M $GHO already migrated There is plenty more to come: Monad is coming, V4 is expanding to Arc and Avalanche, and it's only getting started. The teams keep building, the fundamentals keep compounding and Aave has a bright future ahead. We are proud to keep contributing to Aave’s success.

One of the most interesting stablecoins today is sGHO. While most of the market focuses on high-yield products, sGHO has quietly positioned itself in a different category: sustainable yield with a relatively simple risk profile. Deposit GHO into Aave Savings and receive sGHO. As of June 2026, sGHO offers 4.25% APY depending on governance decisions, with hundreds of millions of dollars already deposited into the system. What makes sGHO interesting is not that it offers the highest yield. It's that the yield comes from one of the most established protocols in DeFi. - Native stablecoin of @aave - Deep integration across the Aave ecosystem - No rehypothecation risk - No slashing risk - No complex farming required In a market where users often have to choose between safety and yield, sGHO sits in an interesting middle ground. @GHO arguably occupies the Goldilocks zone:

Over the past week, @aave processed $212.3 million in liquidations following a 20-30% market drawdown The distribution of these liquidations reveals important details about current positioning. The top 5 positions alone accounted for 48% of total volume, clearing $102.9 million in collateral and generating $4.54 million in liquidation bonuses. June 5 stood out with $114.6 million processed in one day This concentration points to a market where larger, more leveraged positions have become common Breakdown Below 🧵↓↓

Aave is the highest revenue-generating lending protocol in DeFi, on track for $126 million in annualized revenue. Over $6 million in June already.

Honest question here. I though accoutable dashboards where dynamic. What is the real advantage of having an accountable dashboard if it needs to be manualy updated in situations like this? How many dashboards might be showing incorrect data?

1/ From June 1 to June 6, a 20-30% market drawdown triggered $212.35M liquidation volume across @aave markets. ▪️ 10,871 liquidations processed ▪️ $1.12M in liquidation fees captured by the DAO ▪️ $3.83M in SVR revenue, split between Aave DAO and @chainlink ▪️ Zero bad debt realized Aave's liquidation engine performed as designed. Breakdown below↓

This has everything to do with liquidity fundamentals most have yet to understand. Bitcoin will be a minor part of that liquidity being actualised and sucked away into a blackhole of margin calls and collapsing debt and instituitions. Bitcoin yet to see a true economic liquidity crisis like 2008 is about to find out BIG and @GrantCardone seems to have no idea.

$34K was our H&S's Target for Bitcoin.

Ok, after spending time with both, @ether_fi is now my main card, and Gnosis Pay is the backup. Why: 1) Borrow and Pay is directly baked in, without having to manually borrow on Aave, send to an account, and top up the card 2) Uncapped and clear cashback 3) Uncapped payments. Had to pay a pretty penny for accommodation, and the card didn’t flinch, I'm even considering downsizing my Revolut ultra sub that was my "big payments" card 4) Higher yield 5) Thanks to y’all, I got some referral money, paid in WETH. Great job @MikeSilagadze & team. ether.fi/@marczeller

We are hiring for a Lead Solidity developer in the Aave team 👀 If you want to come build with us on Aave v4, my DMs are open.

Everyone is building AI into their data platform... We are making the data free and enabling users to use their favourite tool, Claude, to do everything Aave is the largest dApp in DeFi, and @Token_Logic data is both the most accurate, built by the core team, and the most granular The data streams we create to help run the business are the same data streams used to analyse the business's performance

After years of analyzing DeFi, I've realized one thing: Forming a thesis is usually not the hardest part. Finding data good enough to prove whether that thesis is right or wrong is much harder. And nowhere is this more evident than with @aave When a protocol operates across multiple chains, multiple lending markets, has its own stablecoin, treasury, and dozens of different revenue streams, looking only at TVL or borrow volume is no longer enough. To truly understand how this machine works, analysts need a data layer deep enough to connect all the pieces together. And today, I've only seen one platform that does this comprehensively for Aave: @Token_Logic Let's dive in ↓

GHO's revenue model is changing and most haven't realized how big this can be for @aave's balance sheet. Today, a growing share comes from the GHO Stability Module (GSM) itself. 1. User deposits USDT0 into the GSM 2. GSM mints GHO against those USDT0 reserves 3. Reserves are deployed into yield-generating strategies 4. Yield flows back to the protocol USDT0 on @Plasma's Aave instance is earning a higher yield than sGHO, giving Aave a free carry on sGHO for each GHO minted on Plasma. The result is that GHO can generate revenue even when no one is borrowing. Looking at @Token_Logic's breakdown, GSM revenue has gone from almost non-existent to becoming a significant revenue driver for GHO over the past 12 months. In March, even before the LZ/Kelp exploit took place, GSM overtook traditional borrowing revenue, generating $438K in fees and representing >50% of GHO's monthly revenue. Traditional stablecoin revenue depends on credit demand, but GHO's new model has a second revenue engine: productive reserves. The GSM went from being a peg mechanism to becoming one of GHO's largest revenue drivers. Props to Token Logic on leading that initiative via the RemoteGSM.

8% on size, courtesy of @aave