Tag: Aave

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Aave leads DeFi bailout push after $292M crypto exploit

Aave and several major crypto firms are coordinating a recovery effort to stabilize decentralized finance (DeFi) markets after a $292 million exploit left the...

Aave Announces ‘DeFi United’ Relief Fund to Restore rsETH Backing After Kelp Exploit

Lido is the first service provider to publicly announce its participation in the relief fund via a governance proposal requesting up to 2,500 stETH....

SparkLend Sees Over $1B in Deposits Since Kelp Exploit as Aave TVL Plunges

Aave TVL has dropped by $10B since the Kelp attackers used the protocol to borrow $190 million in WETH, depositing unbacked rsETH. DeFi's lending...

Aave Deposits Drop by $15B Following Kelp DAO Exploit

Aave, the largest decentralized lending protocol, has seen around $15 billion in deposits withdrawn since the Kelp Dao exploit on Saturday. Total value supplied to...

How Maker’s Spark and USDC are winning the $10 billion Aave breakup

Over $10 billion has exited Aave after the Kelp DAO exploit, but the capital hasn't all gone to one place. After the roughly $292...

Aave Partially Unfreezes WETH After Kelp Bridge Exploit

After attackers deposited rsETH from an exploited Kelp bridge and borrowed Wrapped ETH, Aave had frozen WETH across multiple markets.Aave announced earlier today, April...

Aave faces ‘serious trouble’ as all its core markets hit 100% utilization. What this means.

Aave, one of the largest decentralized lending platforms, effectively froze Tuesday after all its major lending protocols ran out of available funds, leaving users...

Aave Models $124M to $230M in Bad Debt From Kelp Exploit

In a detailed incident report, Aave service providers quantified the protocol's exposure for the first time and outlined two scenarios depending on how Kelp...

DeFi Protocols Launch Joint Escape Hatch for Aave ETH Lenders and Loopers

Fluid's aWETH Redemption Protocol, launched with Lido, Ether.fi, 1inch, 0x and Kyber, has processed $136M out of Aave's frozen WETH pool in 48 hours.The...

Aave could face up to $230m in losses after Kelp DAO bridge exploit triggers DeFi chaos

The Kelp DAO and LayerZero bridge exploit that occurred over the weekend has left lending protocol Aave facing potential losses of up to $230...

LayerZero Says Kelp Setup Caused Exploit, as Aave Loss Questions Mount

Interoperability protocol LayerZero claims that an inadequate setup tied to Kelp’s decentralized verifier network (DVN) enabled malicious actors to steal $290 million from Kelp...

A $300 million borrowing spike on Aave signals liquidity crunch after exploit

The aftershocks of the Saturday's KelpDAO hack are spreading through stablecoin markets in ways that were not immediately obvious.Int he first 24 hours post...