BTC $83,212.38 -1.82%
ETH $2,669.84 -0.86%
BNB $762.44 -2.07%
XRP $1.48 -3.39%
SOL $118.28 -3.97%
TRX $0.3358 +0.63%
DOGE $0.0932 -4.13%
ADA $0.2438 -4.56%
BCH $306.24 -8.63%
LINK $15.02 +6.68%
HYPE $87.73 -4.49%
AAVE $146.69 -5.32%
SUI $1.13 -10.02%
XLM $0.2268 +4.74%
ZEC $1,460.10 -9.01%
AAPL $338.60 -0.53%
AMZN $246.23 -1.67%
GOOGL $342.37 -0.53%
MSFT $509.48 -1.55%
META $718.18 -4.12%
NVDA $228.82 +1.50%
TSLA $358.49 -3.99%
SNDK $1,711.99 -4.05%
INTC $116.05 -7.68%
SPCX $146.47 -1.61%
MU $1,054.48 -3.91%
AMD $607.28 -4.25%
BTC $83,212.38 -1.82%
ETH $2,669.84 -0.86%
BNB $762.44 -2.07%
XRP $1.48 -3.39%
SOL $118.28 -3.97%
TRX $0.3358 +0.63%
DOGE $0.0932 -4.13%
ADA $0.2438 -4.56%
BCH $306.24 -8.63%
LINK $15.02 +6.68%
HYPE $87.73 -4.49%
AAVE $146.69 -5.32%
SUI $1.13 -10.02%
XLM $0.2268 +4.74%
ZEC $1,460.10 -9.01%
AAPL $338.60 -0.53%
AMZN $246.23 -1.67%
GOOGL $342.37 -0.53%
MSFT $509.48 -1.55%
META $718.18 -4.12%
NVDA $228.82 +1.50%
TSLA $358.49 -3.99%
SNDK $1,711.99 -4.05%
INTC $116.05 -7.68%
SPCX $146.47 -1.61%
MU $1,054.48 -3.91%
AMD $607.28 -4.25%

founder

All
Article
Flash

first_img Reports say that Ondo Finance's founder has passed away and there are efforts to sell the company, which the company denies

According to three informed sources, the real-world asset tokenization platform Ondo Finance was recommended to potential buyers after founder and CEO Nathan Allman passed away this year. Two sources stated that the relevant contacts occurred after Allman died on May 25. However, it remains unclear who is driving the sale of Ondo Finance.In early August, Allman's estate management filed a lawsuit against Ondo's acting CEO Ian De Bode, accusing him of illegally seizing control and funds of the company, leading to a fierce battle for corporate control. Allman, who died at the age of 32 without a will, left uncertainty regarding the ownership of his controlling shares and a large number of ONDO tokens. After the probate process, his estate was awarded to his parents, Kathleen Allman (77) and Lawrence Allman (82). According to the current court order, De Bode continues to serve as CEO and is responsible for daily operations, but he is not allowed to make significant changes to the company until the control dispute is resolved. One informed source stated that the escalating control litigation is likely to put any sale plans on hold.An Ondo spokesperson denied that the company was seeking buyers, stating that the claims regarding a potential sale are completely false, and that no one in the company has pushed for a sale, participated in sale negotiations, or requested others to do so on their behalf. Ondo was founded in 2021 by former Goldman Sachs executives, is headquartered in New York, and offers tokenized U.S. Treasury bonds and stocks, with product scale exceeding $3.8 billion.

first_img Aave Founder: Aave V4 defaults to risk isolation, securing 1.2 billion dollars in deposits

The founder and CEO of the decentralized lending protocol Aave, Stani Kulechov, responded to various statements regarding Aave V4. He stated that the Hub and Spoke of Aave V4 are by default isolated according to risk characteristics, allowing risk-adjusted markets to share liquidity within set limits through the Hub to support new use cases while avoiding unnecessary fragmentation of liquidity. He believes that completely isolating liquidity often splits funds, reduces utilization, and increases user costs, which becomes more apparent after the incentives used to guide liquidity end.Stani mentioned that in V4, Spoke represents the lending market, and the Hub can share liquidity between these markets, allowing isolated risk characteristics to utilize the capital pool, thereby improving utilization and capital efficiency. Unlike typical curation vaults that start with zero liquidity and require funds or incentives to guide them, V4 Spoke can rely on the entire Hub balance sheet from the first day of launch. He also stated that the V4 architecture is simpler and remains flexible, with the overall codebase significantly smaller than Aave V3.According to him, Aave V4 has secured $1.2 billion in deposits and is deployed across multiple networks, including Ethereum, Avalanche, and Arc. V4 has supported third-party curators like EtherFi, allowing curators to build and manage complete market structures and participate in the economic distribution of a broader lending market, rather than just charging fees for managing deposit scales.
app_icon
ChainCatcher Building the Web3 world with innovations.