Amid the catastrophic situation in the DeFi sector, major protocols are coming together to reduce the damage caused by the Kelp DAO …
DAO
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$SPK, the native governance asset of the Spark protocol, is up 1.21% during Tuesday’s U.S. market hours to currently trade at $0.027. …
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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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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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Markets
2026's biggest crypto exploit: $292 million gets drained from Kelp DAO with wrapped ether stranded across 20 chains
by shayaanby shayaanAn attacker drained 116,500 rsETH, roughly 18% of circulating supply, from Kelp’s LayerZero-powered bridge on Saturday, triggering emergency freezes across Aave, SparkLend, …
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Orbs is handing control of its Layer-3 trading protocol and multi-million dollar fee stream to a new DAO, betting seasonal on-chain governance …
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DeFi
LDO Bucks DeFi Downturn With 30% Monthly Rally After DAO Passes Buyback Scheme
by shayaanby shayaanTop Ethereum liquid staking protocol Lido’s governance token has emerged as a rare bright spot in a battered DeFi sector, gaining 30% …
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Aave Labs, the core development team behind the Aave protocol, has been granted $25 million in stablecoins, alongside a token allocation of …
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Cross-chain DEX aggregator Velora has become the latest protocol to see its decentralized autonomous organization (DAO) vs. Labs structure come under pressure. …
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Aave has introduced a new governance proposal that could reshape how its ecosystem earns and shares money. The plan, called the “Aave …