Partnerships & Ecosystem

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Aave Freezes rsETH Reserves Across Five Networks Following KelpDAO Exploit

Gate News message, April 23 — Aave has frozen rsETH reserves across Ethereum Core, Arbitrum, Base, Mantle, and Linea as the recovery effort accelerates following the April 18 KelpDAO exploit that drained 116,500 rsETH, valued at approximately $292 million, from Kelp's cross-chain bridge. Multiple D
AAVE0,06%
ETH-3,15%
ARB-2,62%
MNT-1,28%
GateNews·6u geleden

Circle Chief Economist Proposes Raising USDC Rates on Aave Amid KelpDAO Fallout

Gate News message, April 23 — Gordon Liao, Circle's chief economist, has proposed raising USDC lending parameters on Aave v3 Ethereum Core this week following a $292 million KelpDAO rsETH exploit that triggered a liquidity crisis across the protocol. Liao's Request for Comment suggests increasing "S
AAVE0,06%
ETH-3,15%
BTC-0,98%
GateNews·7u geleden