According to PANews, Echelon announced on May 9 the gradual deprecation of kAPT and stkAPT in its core pool on Aptos. The protocol has already disabled borrowing and lending for both assets. Starting May 20, their E-Mode loan-to-value (LTV) ratio will drop to 0%, followed by removal from E-Mode on May 27, and liquidation threshold set to 0% on June 3. Echelon urged users to close or migrate positions promptly to avoid liquidation risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
LayerZero Issues Public Apology for Kelp DAO Exploit, Admits Single-Verifier Setup Fault
According to The Block, LayerZero issued a public apology Friday for its handling of the April 18 exploit that drained $292 million in rsETH from Kelp DAO's cross-chain bridge. The protocol acknowledged it made a mistake by allowing its Decentralized Verifier Network to serve as the sole verifier fo
GateNews2h ago
Aave Recovery Plan Advances After rsETH Liquidations
Aave liquidated exploit-linked positions and transferred recovered rsETH under approved governance proposals.
Court ruling supports transfer of recovered ETH as DAOs coordinate broader recovery and restitution efforts.
Next recovery phase focuses on restoring rsETH backing, reopening
CryptoFrontNews4h ago
USDC on Sonic Hits 5.11% Annualized Yield on May 9, No Token Incentives Required
According to BlockBeats, on May 9, Andre Cronje shared that USDC on Sonic achieved a 5.11% annualized yield, while USDT and ftUSD on Ethereum reached 5.27%. Cronje emphasized that these yields require no token incentives, subsidies, points systems, leverage loops, staking lockups, or exit queues, an
GateNews5h ago
Trust Wallet and Mesh Introduce AI Agent Capabilities at Consensus Miami
According to CoinDesk, Trust Wallet and Mesh announced wallet architecture updates on May 9 at Consensus Miami to serve AI agents. Mesh launched Smart Funding, which automatically routes payments across chains and accounts for both users and AI agents. Trust Wallet introduced an AI co-pilot
GateNews5h ago
BlackRock Files to Launch $6.1B Tokenized Money Market Fund on Ethereum
According to Bloomberg, BlackRock has filed to launch tokenized shares for its $6.1 billion BlackRock Select Treasury Based Liquidity Fund (BSTBL) targeting stablecoin holders. The fund invests in cash, U.S. Treasury notes, and securities with remaining maturities not exceeding 93 days. The tokenize
GateNews5h ago
TON Surges 90% in a Week, Flips XLM and SUI in Market Cap
According to CoinMarketCap and Telegram founder Pavel Durov's announcements, Toncoin (TON) surged over 90% between May 3 and May 9, rising from approximately $1.30 to $2.75 by May 7 before settling around $2.50 by May 9. With a market cap now around $6.8 billion, TON has surpassed both Stellar's
GateNews8h ago
