Aave Debuts on Aptos with USDC, USDT, APT and sUSDe

Yeliz Akmaca — Thu, 21 Aug 2025 13:30:57 +0000

Aave has launched on Aptos, marking its first expansion beyond Ethereum-compatible blockchains. The deployment introduces USDC, USDT, APT, and sUSDe as supported assets. Aptos Foundation boosts adoption by offering user rewards and liquidity incentives. Chainlink Price Feeds integration powers oracle-secured markets from the start.

Aave’s Deployment on Aptos: Supported Assets and Protocol Strength

Aave enters Aptos to extend its multichain strategy across different ecosystems. At launch, the protocol supports native USDC, USDT, APT, and sUSDe. Aptos Foundation attracts users through incentive programs, ensuring faster growth in adoption.

The Block’s data shows Aave managing over $50 billion in net deposits and nearly $37 billion in total value locked. The protocol enables users and institutions to earn interest on deposits. It also lets them borrow crypto against collateral and issues the overcollateralized GHO stablecoin.

Chainlink oracles secure price data, strengthening transparency and reliability in lending markets. This integration gives users confidence in safe and resilient borrowing activity.

Aptos and Aave: Building a Shared Vision

Aptos runs as a proof-of-stake Layer 1 blockchain built with Move, a Rust-based smart contract language. The network emphasizes low-latency finality and high throughput to attract developers.

Aave Labs re-implemented Aave V3 in Move and developed a new SDK and front-end. Chaos Labs and LlamaRisk created market risk parameters. Zellic, Ottersec, SpearBit, and Certora conducted security reviews. Aave also launched a $500,000 bug bounty program paid in GHO.

The Aptos ecosystem currently holds around $1.3 billion in stablecoins, dominated by USDT. Only 8.1% of APT supply is in liquid staking tokens, while 76% remains directly staked. Aave and Aptos see this gap as an opportunity to unlock new collateral markets.

Ultimately, Aave’s launch on Aptos opens a new chapter in DeFi expansion. Developers gain direct access to Aave’s lending infrastructure with full tooling support. Users benefit from lending, borrowing, oracle-secured markets, and incentive programs at launch. In the coming months, both teams plan to add more assets, refine risk settings, and strengthen security through ongoing audits.

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The post Aave Debuts on Aptos with USDC, USDT, APT and sUSDe appeared first on Coin Engineer.

SUI Invests $10 Million in Security After Cetus Hack

Yeliz Akmaca — Tue, 27 May 2025 09:50:21 +0000

As you may know, attackers targeted Cetus Protocol, the largest decentralized exchange (DEX) and liquidity provider on the Sui network, last week. In this attack, they seized $223 million worth of crypto assets. The network acted swiftly to freeze $162 million. The Cetus team offered a $6 million bounty to recover the remaining $60 million.

The Cetus incident, which has made waves in the blockchain world recently, was linked by many to a security vulnerability in the Sui or Move platforms. However, according to statements by developers and security experts, these claims are inaccurate. The incident actually occurred due to an error in Cetus’s own math library. They assert that the issue was not caused by a direct vulnerability in the Sui network or the Move programming. A miscalculation in Cetus’s mathematical operations led to incorrect results and unexpected consequences. Therefore, it is considered a problem specific to the Cetus project.

According to the published report, the network was designed specifically to support the development of more secure smart contracts. The team expressed that it was deeply disappointed to witness such a major incident on a single dApp. They also emphasized that incidents like this are part of the growth process that every major blockchain faces over time. Even the best system designs or programming languages cannot fully prevent human error.

SUI $10 Million Security Investment

Sui has taken a significant step to strengthen ecosystem security. It will elaborate on its existing security measures. Additionally, it has allocated $10 million toward audits, bug bounty programs, formal verification, and other security initiatives. Sui is committed to spending an additional $10 million on security efforts. The team is working closely with the developer community to refine its security plans.

SUI Technical Details

According to security firm SlowMist’s analysis, the “checked_shlw” function in Cetus’s smart contract failed to perform overflow checks correctly. This flaw allowed attackers to over-mint liquidity with a single token. Research by Verichains indicated that similar mathematical errors might exist in other projects within the Sui ecosystem. However, those projects have started correcting the related issues.