Funds leaving Aave are splitting across safer lending, simpler ETH exposure and off-chain yield, with stablecoins acting as a temporary refuge. www.coindesk.com
Aave
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Markets
Aave Is Down 18% And Carrying $196M In Bad Debt, But Smart Money Is Buying Anyway
by shayaanby shayaanAave is having one of the worst weeks in its history. On April 18, attackers exploited a vulnerability in KelpDAO’s rsETH bridge …
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Markets
Aave could face up to $230 million in losses after Kelp DAO bridge exploit triggers DeFi chaos
by shayaanby shayaanAave published a report outlining two possible outcomes: around $123 million in losses if damage is shared across all rsETH, or up …
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DeFi
A $300 million borrowing spike on Aave signals liquidity crunch after exploit
by shayaanby shayaanThe aftershocks of the Saturday’s KelpDAO hack are spreading through stablecoin markets in ways that were not immediately obvious. Int he first …
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Aave had an especially steep drop in the past 24 hours, down 11% to trade at $90.25. That decline was more pronounced …
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The DeFi community is divided in how they perceived Marc Zeller’s message when eh wrote, “If you have WETH on Aave V3 …
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DeFi
There Are Claims That the Aave and KelpDAO Incident Is Worse Than It Seems, So Don’t Let Your Guard Down
by shayaanby shayaanAs pressure on DeFi markets intensifies following the KelpDAO-related exploit crisis, leading industry commentator 0xQuit has issued a noteworthy warning. According to …
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DeFi
Aave records $6 billion TVL drop as Kelp hack exposes structural risk at DeFi lender
by shayaanby shayaanAave just watched $6.6 billion walk out the door, and it’s not because anyone hacked Aave. The protocol’s total value locked dropped …
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Scams
Kelp DAO Exploit Sparks Aave Liquidity Crunch, $6.2 Billion Withdrawal Panic
by shayaanby shayaanIn brief Aave users struggled to withdraw funds from Aave after attackers borrowed with stolen rsETH on the platform, spiking a core …
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The KelpDAO-related security breach crisis in the cryptocurrency market has led to a significant liquidity shock in DeFi protocols. According to recent …