Ethereum liquid restaking platform Kelp and decentralized lending protocol Aave have completed a series of steps to restore rsETH backing, including burning …
DAO
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Decentralized finance protocols are reevaluating their blockchain oracle providers’ security after the fallout from the $293 million Kelp DAO exploit last month. …
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In brief Aave asks a New York court to release $71 million frozen on Arbitrum after the Kelp DAO exploit. Plaintiffs claim …
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Arbitrum is back in focus as a major governance proposal seeks to unlock over $70 million worth of ETH to support its …
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Circle Ventures snaps up $AAVE days after a $293M KelpDAO exploit, shoring up Aave’s bad‑debt shock while Washington weighs a landmark US …
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DeFi
APE Insider Adds to Lido DAO Long, Bringing Position to 10.26 Million LDO Worth $4.58M
by shayaanby shayaanAn onchain trader previously flagged by analysts at Lookonchain as the wallet behind a profitable Apecoin insider trade has expanded a Lido …
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Scams
Aave, Compound Unveil Technical Plan to Address Fallout From $290M Kelp DAO Hack
by shayaanby shayaanIn brief The DeFi United coalition has published a technical implementation for restoring rsETH token backing following the Kelp DAO hack. The …
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Smart Contracts
Aave-Led ‘DeFi United’ Relief Effort Raises $300 Million to Cover Kelp DAO Exploit Losses
by shayaanby shayaanIn short As of Monday, DeFi United has received enough contributions to potentially restore rsETH, receiving contributions worth $303 million. The coordinated …
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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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Amid the catastrophic situation in the DeFi sector, major protocols are coming together to reduce the damage caused by the Kelp DAO …