Kelp DAO and Aave to Resume rsETH Operations After $292M Exploit
Kelp DAO and Aave will resume rsETH operations following a $292 million exploit. Recovery is progressing.
Aave
Aave to Overhaul Collateral Standards Following KelpDAO Exploit
Leading DeFi protocol Aave has announced a comprehensive overhaul of its collateral and listing standards in response to risk management issues exposed by the recent KelpDAO exploit. As one of the largest lending protocols in DeFi, Aave’s move aims to strengthen protocol security and prevent similar incidents. The reforms are expected to impact collateral parameters for multiple listed assets.