Aave Restores WETH LTVs to Pre-Incident Levels Across Six Networks in rsETH Reco...
TLDR: Aave has restored WETH LTV ratios to pre-incident levels across all six affected V3 network deployments. Users can now borro...
Aave Unpauses rsETH Markets After Coordinated $292 Million Kelp DAO Recovery
TLDR: An attacker minted 116,500 unbacked rsETH tokens worth $292M by exploiting Kelp DAO’s LayerZero bridge in April. Aave paused...
KelpDAO Switches to Chainlink CCIP After $292M LayerZero Exploit
TLDR: KelpDAO lost 116,500 rsETH in an April 18 exploit tied to North Korea’s Lazarus Group via LayerZero. LayerZero’s 1-of-1 DVN...
LayerZero Pledges 10,000 ETH to DeFi United as Industry Rallies Behind Kelp DAO...
TLDR: LayerZero Labs is donating 5,000 ETH and depositing another 5,000 ETH into Aave to strengthen market liquidity. The $292M Ke...
Aave and Partners Push Arbitrum DAO to Release 30,765 ETH for rsETH Recovery Eff...
TLDR: Aave and partners submitted a governance proposal asking Arbitrum DAO to release 30,765.67 frozen ETH. The April 18 rsETH ex...
Kelp and Aave Lead rsETH Recovery Push as 89,500 ETH Shortfall Remains Outstandi...
TLDR: Kelp and Aave began coordinating rsETH recovery efforts on April 18 following a 163,200 ETH shortfall incident. Kelp recover...
Mantle Weighs 30,000 ETH Credit Facility to Cover Aave rsETH Exploit Fallout
TLDR: Mantle may lend Aave DAO up to 30,000 ETH after the rsETH bridge exploit on April 18. Attackers used 89,567 stolen rsETH on...
KelpDao Funding Move: Lido Proposes $6M Allocation Of Staked ETH To Bridge Short...
KelpDAO’s liquid restaking token, rsETH, has become the center of a major DeFi recovery effort after a hack estimated at roughly $...