According to PANews, Echelon announced on May 9 a phased deprecation of kAPT and stkAPT in its core pool on Aptos. Deposit and borrowing functions for both assets are already disabled. Starting May 20, E-Mode LTV (loan-to-value ratio) will drop to zero; on May 27, both assets will be removed from E-Mode; and on June 3, liquidation thresholds will reach zero. The protocol 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 on May 8, Admits Fault in Single-Verifier Setup for Kelp DAO Exploit
According to The Block, LayerZero issued a public apology on Friday for its handling of the April 18 exploit that drained roughly $292 million in rsETH from Kelp DAO's cross-chain bridge. The protocol acknowledged it made a mistake by allowing its Decentralized Verifier Network (DVN) to serve as the
GateNews1h ago
Judge Clears $71M ETH Transfer From Arbitrum to Aave, But North Korea Creditors Retain Legal Claim
According to The Block, on Friday (May 9), Judge Margaret Garnett of the U.S. District Court for the Southern District of New York modified a restraining notice that had locked 30,766 ETH (~$71 million) inside Arbitrum DAO since May 1. The modification permits an onchain governance vote to
GateNews2h ago
Tether's USDT0 Unveils 3/3 Verification Mechanism, Launches $6M Bug Bounty Program After Kelp Incident
According to ChainCatcher, Tether's USDT0 protocol unveiled its security architecture following the Kelp incident, implementing a 3/3 verification consensus mechanism requiring three independent validators using separate codebases. Current validator nodes include USDT0's proprietary DVN,
GateNews4h ago
LienFi Mints First Tokenized U.S. Real Estate Tax Lien on Base
According to BlockBeats, RWA protocol LienFi minted the first tokenized U.S. real estate tax lien on Base today (May 10). The tokenization represents the protocol's initial issuance of real-world assets on the Base
GateNews11h ago
LayerZero issues an apology and admits a design flaw in its 1/1 DVN configuration: default to a full upgrade to 5/5
Cross-chain protocol LayerZero issued a public apology on May 9 (U.S. time), acknowledging a design flaw in the Kelp DAO hacker incident. CoinDesk, citing LayerZero’s official blog, wrote: “First things first: a belated apology. We allowed DVN to operate in 1/1 mode for high-value transactions—this is a mistake.” The position shifted from prior weeks’ accusations about “Kelp’s own configuration choices” to taking responsibility at the infrastructure layer itself. The attitude reversal occurred t
ChainNewsAbmedia12h ago
Evernorth Says XRP’s Real Story Is Institutional Plumbing
Evernorth says XRP’s institutional case rests on infrastructure built for regulated capital, not price charts or ETF demand. The firm pointed to XRPL upgrades involving compliance controls, restricted environments, escrow tools, and approved trading venues.
Key Takeaways:
Evernorth says XRP’s
Coinpedia13h ago
