The response to the DeFi recovery fund has quickly extended beyond Aave, and in some cases began with direct outreach. www.coindesk.com
Aave
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DeFi
Aave Takes Action to Resolve $290 Million Hack Crisis – Will Donate a Large Amount of ETH
by shayaanby shayaanAs recovery efforts in the DeFi ecosystem accelerate following the KelpDAO-related rsETH crisis, Aave DAO has taken a notable step. According to …
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DeFi
Mantle Community Proposes Bold 30K ETH Loan to Rescue Aave: A Strategic DeFi Lifeline
by shayaanby shayaanThe Mantle ($MNT) community has ignited a pivotal governance debate. It proposes a strategic loan of up to 30,000 $ETH to support …
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Markets
Aave raises nearly 80% of the $200 million it needs to cover bad debt left by Kelp DAO exploit
by shayaanby shayaanBlockchain analytics platform Arkham said that the largest contributors are Mantle and Aave DAO, having raised a combined $127 million. www.coindesk.com
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DeFi
Aave Announces ‘DeFi United’ Relief Fund to Restore rsETH Backing After Kelp Exploit
by shayaanby shayaanAave is rallying the DeFi ecosystem under a coordinated effort it’s calling “DeFi United” to help make users whole after the April …
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Smart Contracts
Aave Leads ‘DeFi United’ Push to Contain $292M KelpDAO Fallout
by shayaanby shayaanIn short Aave and a coalition of DeFi protocols are conducting a coordinated recovery effort, dubbed “DeFi United,” to absorb the bad …
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DeFi
Aave Founder Stani Kulechov Released an Update on the Incident Following the Recent KelpDAO Hack
by shayaanby shayaanWhile the turmoil in DeFi markets continues following the KelpDAO-related rsETH crisis, a new sign of recovery has emerged from Aave. Stani …
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Markets
Aave rallies DeFi partners to contain fallout from $292 million KelpDAO hack
by shayaanby shayaanIndustry players are coordinating a recovery effort as the year’s biggest crypto theft rattled Aave, with Lido and EtherFi being firsts to …
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DeFi
DeFi Protocols Launch Joint Escape Hatch for Aave ETH Lenders and Loopers
by shayaanby shayaanThe same architectural openness that turned a forged cross-chain message at Kelp DAO’s bridge into hundreds of millions of bad debt at …
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Following the security breach on KelpDAO’s rsETH bridge, Aave has released a comprehensive status update. The protocol details the technical background of …