Aave Deposits Drop by $15B Following Kelp DAO Exploit
Aave deposits fell by $15 billion following the $293 million exploit on Kelp DAO, triggering a DeFi liquidity crunch, as traders started betting on the recovery path of the exploit.
Tag: Aave
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Aave’s Potential Paths Forward After Kelp DAO Hack
Aave’s risk manager, LlamaRisk, has outlined two scenarios on how bad debt from the Kelp DAO exploit could impact the ecosystem.
LayerZero Says Kelp Setup Caused Exploit, as Aave Loss Questions...
LayerZero said Kelp’s DVN setup caused the $290 million exploit, as investors remain concerned about which protocol would take responsibility for the losses.
Aave’s TVL Falls $8B After $293M Kelp DAO Hack
Aave’s total value locked fell by nearly $8 billion after the Kelp DAO hackers posted the stolen funds on Aave as collateral to borrow wrapped Ether, triggering precautionary withdrawals.
Fireblocks Opens Access to Lending Markets for 2,400 institutions
Fireblocks launched a native onchain stablecoin lending solution for institutions, that taps into leading decentralized lending protocols Aave and Morpho.
Aave DAO Grants 25M in Stablecoins to Aave Labs in...
The Aave DAO has approved a $25 million funding package for Aave Labs under the Aave Will Win framework, with other elements of the framework also subject to separate governance...
Chaos Labs Leaves Aave Due to Budget, Risk Disagreements
Chaos Labs said it will no longer provide risk services to decentralized lending protocol Aave due to budget constraints and disagreements over how risk should be managed.
Aave Deploys V4 on Ethereum After Governance Approval
Aave launched V4 on Ethereum after a binding governance vote, rolling out modular lending infrastructure aimed at structured credit and tokenized assets.
OKX Integrates Aave on Ethereum L2 X Layer
Crypto exchange OKX has integrated Aave on its Ethereum layer 2, X Layer, marking a major integration for the blockchain, which launched just under two years ago.
ECB Study Questions How Decentralized DeFi Governance Really is
ECB staff paper finds governance in Aave, MakerDAO, Ampleforth and Uniswap is dominated by a few large holders and opaque delegates, complicating MiCA’s DeFi approach.
Aave DAO Supports V4 Rollout Plan in Snapshot Vote
More than 645,000 votes backed the proposal, with virtually no opposition or abstentions on Snapshot.
