Yield Mode Update: Operations Back to Normal
Following the temporary interruptions caused by the Kelp DAO rsETH exploit on April 18, the situation has stabilized, and we're bringing Yield Mode back to full capacity.
We've re-enabled the feature for 49 tokens across these seven networks, including Avalanche, Ethereum, Base, BNB Chain, Polygon, Arbitrum One, and Optimism.
WETH remains disabled on every chain Aave V3 lists: OP, Base, Arbitrum One, Polygon/Avalanche WETH, and the ETH mainnet.
No user funds were compromised during the disruption. We chose to temporarily limit some features as a precaution to avoid liquidity issues for users while utilization rates in Aave's pools were unusually high. There was no vulnerability in Tangem or Aave.
Aave's response
We want to acknowledge the Aave team's effective handling of this situation. Within hours of the exploit, they froze rsETH markets across all deployments, set loan-to-value ratios to zero, and halted new borrowing against the affected asset, all while keeping the rest of the protocol operational.
They've since published a detailed incident report, and the Aave DAO has proposed contributing 25,000 ETH to a coordinated ecosystem recovery effort called "DeFi United." This kind of swift, transparent action is exactly why we chose Aave as our yield partner.
Back to earning
If you haven't tried Yield Mode yet, now is a great time. Borrow demand on Aave is particularly strong right now, which means healthy but higher-than-usual APYs on your stablecoins. Learn more about how it works here.
If you need help, reach out to support inside the Tangem app.
