BTC $75,900.27 -2.44%
ETH $2,402.38 -4.16%
BNB $712.72 -1.21%
XRP $1.29 -9.08%
SOL $97.20 -4.41%
TRX $0.3328 -1.46%
DOGE $0.0800 -4.27%
ADA $0.1943 -6.07%
BCH $218.72 -1.78%
LINK $10.87 -5.77%
HYPE $77.50 -2.75%
AAVE $121.23 -4.93%
SUI $0.6886 -4.47%
XLM $0.1762 -9.91%
ZEC $1,122.80 -2.42%
AAPL $331.81 +0.04%
AMZN $248.83 -1.83%
GOOGL $345.02 -0.80%
MSFT $498.43 -0.98%
META $670.70 +1.22%
NVDA $212.87 +0.07%
TSLA $356.97 -0.72%
SNDK $1,534.67 -2.40%
INTC $97.59 -0.42%
SPCX $143.91 -3.37%
MU $930.53 -0.57%
AMD $506.77 +2.27%
BTC $75,900.27 -2.44%
ETH $2,402.38 -4.16%
BNB $712.72 -1.21%
XRP $1.29 -9.08%
SOL $97.20 -4.41%
TRX $0.3328 -1.46%
DOGE $0.0800 -4.27%
ADA $0.1943 -6.07%
BCH $218.72 -1.78%
LINK $10.87 -5.77%
HYPE $77.50 -2.75%
AAVE $121.23 -4.93%
SUI $0.6886 -4.47%
XLM $0.1762 -9.91%
ZEC $1,122.80 -2.42%
AAPL $331.81 +0.04%
AMZN $248.83 -1.83%
GOOGL $345.02 -0.80%
MSFT $498.43 -0.98%
META $670.70 +1.22%
NVDA $212.87 +0.07%
TSLA $356.97 -0.72%
SNDK $1,534.67 -2.40%
INTC $97.59 -0.42%
SPCX $143.91 -3.37%
MU $930.53 -0.57%
AMD $506.77 +2.27%

pro

All
Article
Flash

first_img Aave Labs proposed to deploy V4 isolated Hub for accessing custodial collateral

On September 14, Aave Labs released an ARFC on the Aave governance forum, seeking approval to deploy a new Aave V4 Isolated Hub and Spoke to integrate institutional custody collateral as collateral for stablecoin loans. Institutional borrowers will deposit collateral with Anchorage and maintain custody during the loan period, with the custody balance represented on-chain by non-transferable custody collateral tokens CoCT, minted and burned by CustodySync designed by Chainlink.Borrowers will stake CoCT on the Spoke and withdraw stablecoins from the Isolated Hub. The entire loan lifecycle, including liquidation, is synchronized between the custodian and Aave through Chainlink infrastructure. The proposal is limited to a single Isolated Hub and a single Spoke governed by the Aave DAO, without altering existing Hubs, Spokes, or reserves. The underlying assets will always remain in custody, with Anchorage holding the assets as the custodian and acting as the counterparty for account control protocols; Chainlink does not hold the assets.CoCT is a restricted transfer ERC-20, only allowing Hub, Spoke, and CustodySync, with minting and burning exclusive to CustodySync, and each borrower's position corresponding to a contract. The initial plan is to launch a CoCT for BTC held in custody by Anchorage. The next steps involve ARFC discussions, and if supported, it will proceed to Snapshot, followed by submitting the final parameters for AIP.

The U.S. Senate is about to conduct a procedural vote on the CLARITY Act, with a threshold of 60 votes

The U.S. Senate will conduct a procedural vote on the Digital Asset Market Clarity Act (referred to as the CLARITY Act). At 2:15 AM Beijing time on September 16, senators will decide whether to end the debate on the motion to enter the bill's review process, with a threshold of 60 votes. If the vote passes, the bill will then enter full Senate debate, amendments, and subsequent final voting, which does not equate to the bill being passed directly that night, nor does it mean it will take effect immediately.To garner bipartisan support, Senate Republicans accepted 126 substantive amendments proposed by Democrats in the final draft. The new text includes stricter ethical provisions, granting state attorneys general a clearer enforcement role; it also gives the Secretary of the Treasury the authority to intervene against potential deposit outflows triggered by payment stablecoins, and revises developer-related provisions to reduce the risk of decentralized infrastructure developers being classified as money transmission entities. Democrats are concerned that the Trump family's cryptocurrency business may create conflicts of interest, with some lawmakers hoping to add constraints such as asset divestiture or blind trusts; moderate senators like Warner and Gallego still hope to push for more amendments. Some Republican lawmakers are also under pressure from the banking industry, fearing that accounts with yield attributes linked to stablecoins could siphon off deposits from community banks.
app_icon
ChainCatcher Building the Web3 world with innovations.