On-chain events
Security incidents, control changes, governance votes, upgrades, launches, and closures, each with its primary sources. Confirmed facts are listed apart from open claims.
Stablewatch proposes PAS admin rights and tenfold USDS limits for Osero
The PAS Configurator would gain admin rights. Each capped limit would rise from 5 million to 50 million USDS, and its daily refill from 5 million to 50 million USDS.
Optimism fixes Kona fault-proof bugs and tells operators to upgrade
The release fixes proof soundness and execution. Optimism tells operators who run kona-client fault proofs to upgrade, and because the state transition changed, the chain needs a new absolute prestate.
Spark proposed looser curator-independence rules for its Morpho vault controls
The proposal drops the blanket ban on one party being both curator and cancellation authority.
LlamaRisk proposed raising Aave Core USDC caps to 3.0 billion and USDe base rates to 5%
The proposal would raise Core USDC supply and borrow caps to 3.0B and 2.7B, the Prime wstETH supply cap to 80,000, Monad GHO supply and borrow caps to 60M and 54M, and the X Layer USD₮0 borrow cap to 90M.
TokenLogic proposes $5 million to $10 million in Aave treasury private-credit pilots
The proposal would authorize AFC pilot allocations expected to total $5M–$10M.
Axelar governance approved a UNV migration on Polygon
Governance passed the migration; its message calls a Polygon contract across chains.
Grove raises cBEAM rate limits to 7.2 million in its first steps
The latest step raises the JTRSY inflow limit and the USDS mint, burn and PSM swap limits to 7.2 million, for both capacity and daily refill.
Sky plans to raise the MKR-to-SKY conversion penalty to 5% in its Sept. 10 spell
The proposed conversion penalty rises from 4% to 5%.
Sky proposed monthly-compounded APR for Atlas rates and a fallback risk assessor
The proposal would state named Atlas rates as APR with monthly compounding. It would make the Core Council Risk Advisor the assessor when a Prime Agent has no independent assessor.
LlamaRisk proposes 1-point USDe rate rises on Aave and doubles an X Layer PT cap
The proposal raises USDe base rates by 100 basis points on five markets and doubles the X Layer PT-USDG supply cap. It cuts slope1 for USD₮0 and USDG on X Layer by 50 basis points.
Optimism challenger v1.9.5 drops legacy Cannon games unless operators keep them
Operators who upgrade must keep Cannon in their settings when they need it; otherwise their challenger stops playing those games.
Sky discloses and fixes a flaw that could multiply vote counts
The team states that it put ballot deduplication and a single-choice limit into production on July 21.
Rocket Pool draft would require 5% RPL collateral to queue new validators
The draft sets the requirement at 5% of borrowed ETH and drops it once the validator is active.
Lido committee plans to cut its deposit reserve target to zero before the 0x02 CSM launch
The committee would move the reported 1,500 ETH target to zero before the 0x02 CSM launch. It would then restore it to between 1,500 and 2,000 ETH, depending on operator demand.
LlamaRisk proposes raising USDe base rates to 3% and Slope1 on 15 other stablecoin reserves
USDe base rates would rise from 2% to 3%, and Core and Avalanche USDe Slope1 would fall from 4% to 3%. Fifteen other stablecoin reserves would move Slope1 from 4.1% to 4.3%.
Osero asks Sky to raise its allocator debt ceiling to 100 million USDS
The request raises the line from 25 million to 100 million USDS and the gap from 5 million to 15 million USDS. BA Labs also recommends a 5% CRR and a $100 million cap on SparkLend USDS exposure.
Aave proposal would list Circle's cirBTC on v3 Core with a 250-unit cap
On Aave v3, cirBTC would serve as collateral and could be borrowed.
Aave v3 GHO Umbrella deposits fell 38% to $3.46 million
Pool deposits fell 38%, which sharply cut the pool's size and set off Ketju's alert for large outflows.
Phoenix Labs proposes a six-part Spark spell for Sept. 10
The spell would set 34 unused SLL rate-limit keys to zero and set SparkLend LBTC LTV to zero.
Spark will retire Avalanche spUSDC in stages from September to November 2026
Spark will mark the vault deprecated by Sept. 11, cut its yield to 0% on Nov. 1 and set its deposit cap and maximum-rate parameters to zero on Nov. 9.
Lido Oracle 8.0.6 caps exit requests at 500 per VEBO report
The oracle stops after 500 requests and carries the rest into later reporting frames, which come about every five hours. Lido estimates the most it can report is about 2,400 exit requests a day.
LlamaRisk proposes Aave v3 cap and interest-rate changes on seven markets
The proposal would raise some supply caps and raise USDe base borrowing rates. It would move optimal utilization for Core USDC, Core USDT and Plasma USDT0 from 92% to 94%, and cut WETH slope-one rates on three markets.
Lido proposal would fund up to $1.5 million of LDO and 480,000 USDC for exchange market making
The Lido Growth Committee would decide whether to start the program.
DeFi Saver deposits fell 27% to $225.5 million
The value of positions with active DeFi Saver automation subscriptions fell by about $83.7 million between two checks.
DeFi Saver adds Morpho Midnight fixed-term lending on Base
Users can browse maturities and fixed rates and open or adjust leveraged positions through DeFi Saver. Ketju must review Midnight as a separate product.
Scope
Ketju lists an event here when it can change a Ketju memo, a position a client holds, something that position depends on, or the records an advisor should keep. Each entry names the stage the event has reached: reported, proposed, approved, executed, contained, recovered, or explained in a postmortem.
Corrections
Ketju never edits a published version. A recovery, a postmortem, a corrected loss figure, or a changed reading becomes a new version at the same address, and every earlier version stays in the JSON file.
Educational research for financial professionals. Not investment, legal, tax, or compliance advice. An event here does not mean a product is suitable or approved.