Alloy – Tether's Gold Stablecoin Tether's new stablecoin, aUSDT, is a dollar-denominated token backed by the value of gold. Over-collateralized by onchain gold reserves, aUSDT is the first in a series of Tethered Assets that track the reference of another asset through stabilization mechanisms. Tether has hinted that future assets may be yield-backed. #usdt #stablecoin

On November 29, DeFi risk manager Gauntlet launched a proposal to renew a 12-month cooperation agreement with Aave in the Aave community to continue market risk management, aiming to maximize capital efficiency and reduce bankruptcy and liquidation risks, so as to achieve long-term sustainable development. Last December, Gauntlet has renewed its partnership with Aave, which will run until December 28, 2023. The features offered by Gauntlet will cover AaveV2, AaveV3, GHO (new), and Insolvency Refund. The annual fee is a fixed fee of $1.6 million. 50% of this will be paid in GHO and the other 50% in aUSDT.

PANews reported on November 17 that according to the analysis of Bitjungle, the phishers FakePhishing193319 and FakePhishing188246 have been removed from the victim 0xc108... 2575 stole 1.5 million aUSDT and 1.78 million aEthUSDT, accumulating $3.4 million. According to the analysis of the engineer of Bitjungle, this kind of phishing contract usually uses game rewards to induce users to sign and authorize. In this case, a phishing code (permit type) with offline authorization signature was also used, which means that once the user agrees to the authorization, the phisher can transfer all the victim's assets. In addition, further monitoring of Bit Jungle found that after the hacker stole the funds, it continued to transfer and hide through multiple addresses, and it detected an address strongly related to the stolen assets, and also reported the Ethereum problem address label at the same time.