Circle Economist Proposes Higher USDC Rates on Aave V3 After KelpDAO Exploit

Gordon Liao, Circles Chief Economist, submitted a governance proposal on April 22, 2026, calling on Aave to raise USDC borrow rates sharply on its V3 Ethereum Core market after a $292 million exploit against KelpDAO left the pool functionally frozen for four consecutive days. Key Takeaways: Circles Chief Economist Gordon Liao proposed raising USDCs Aave []