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TokenLogic @Token_Logic on x 1924 followers
Created: 2025-06-25 15:31:13 UTC
As a reminder, Umbrella is @aave native coverage module, developed by @bgdlabs. It offers extra yield (paid from protocol revenues) to users who stake on selected assets, currently $GHO $WETH $USDC $USDT.
In return, their funds cover potential bad debt on Aave, acting as a safety buffer for the protocol.
Current deposits sit at ~$246.3M across the X assets.
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XXX engagements
Related Topics usdt $2463m debt default risk $usdc $weth protocol $gho