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Circle initiated a proposal on the Aave forum to raise the maximum deposit interest rate for USDC to 48.2%

Circle Chief Economist Gordon Liao initiated a proposal on the Aave governance forum, suggesting an emergency adjustment to the USDC interest rate parameters in the Aave V3 Ethereum main pool to address the situation where the pool's utilization rate has remained at a very high level of 99.87% for four consecutive days following the KelpDAO attack incident.Liao stated that Aave's current interest rate mechanism has failed to effectively "clear" the market. The current supply of the pool is $1.89 billion, with the borrowing amount also at $1.89 billion, and available liquidity is less than $3 million. The borrowing interest rate remains at the upper limit after the inflection point (around 14%), and over the past 24 hours, the pool size has shrunk by about $60 million—this is due to repayment funds being used one by one to meet the withdrawal demands in the queue.Therefore, the Slope 2 parameter in the USDC deposit interest rate curve should be immediately increased from about 10% to 40% through the Risk Steward mechanism, and further confirmation to raise the target to 50% should be achieved through governance voting within 5 to 7 days. Meanwhile, the optimal utilization will be adjusted down from 92% to 87% during the transition phase, and after final confirmation, it will be reduced to 85%. According to Liao's proposal, under the new parameter settings, when the utilization rate reaches 100%, the maximum USDC deposit interest rate will increase from about 12.6% to 48.2%.

Lotus Technology CFO Dr. Daxue Wang: Cryptographic technology empowers smart mobility, promoting the credible circulation of RWA and carbon assets

At the "Crypto 2026: From Cryptocurrency to Smart Economy" themed forum held in Hong Kong, Dr. Daxue Wang, CFO of Lotus Technology Inc., delivered a keynote speech titled "Crypto Links to the Physical Industry, Smart Mobility Running on the Chain."Dr. Daxue Wang stated that smart mobility is the pioneering carrier of the smart economy. Lotus, a luxury electric vehicle brand with a 78-year history, has been listed on NASDAQ and is actively exploring the deep integration of crypto technology with the physical industry. He proposed three major integration directions:First, safeguarding data value by utilizing the immutable nature of blockchain and privacy computing, allowing users to have absolute control over their personal data, achieving credible data circulation and value flow. Second, releasing asset value by exploring efficient circulation and fair trading of assets such as vehicle sales, brand value, autonomous driving technology patents, and global sales networks through RWA, while promoting credible traceability of carbon assets in green mobility. Third, co-creating ecological value by recording data on driving, charging, and maintenance through on-chain smart nodes, allowing users to upgrade from "car owners" to "participants in the brand ecosystem" through on-chain rights confirmation.Dr. Daxue Wang pointed out that the current challenges include compliance implementation, technology adaptation, and ecological co-construction, but the opportunities lie in open cooperation, promoting smart mobility as a practical landing scenario of the smart economy. Lotus hopes to work hand in hand with the crypto ecosystem to realize the vision of "from buying a Lotus car to sharing the growth value of Lotus technology."
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