Aave deposits fall by $15B as Kelp exploit sparks flight from DeFi lender

Aave deposits fall by $15B as Kelp exploit sparks flight from DeFi lender

0.73%BTC$79,318 4.29%XLM$0.1803 1.67%TRX$0.3285 0.50%XMR$377.10 1.30%DOGE$0.09792 3.08%BCH$464.79 4.11%ADA$0.2551 2.38%BNB$649.63 2.69%ETH$2,406 3.83%SOL$88.22 2.33%HYPE$40.99 2.37%XRP$1.45 1.53%USD Written by Zoltan Vardai,Staff WriterReviewed by Bryan O'Shea,Staff EditorAave deposits fall by $15B as Kelp exploit sparks flight from DeFi lender2 hours agoAave’s supplied balance has tanked since the Kelp DAO bridge exploit, as users pull funds amid uncertainty over how much of the rsETH-linked shortfall the protocol will ultimately absorb. Aave, the largest decentralized lending protocol, has seen around $15 billion in deposits withdrawn since the Kelp Dao exploit on Saturday.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 Aave fell from $45.8 billion on Saturday to $30.8 billion on Wednesday, according to Aavescan data. The decline followed an attack that drained about 116,500 restaked Ether (rsETH), worth rou

Source: https://cointelegraph.com/news/aave-deposits-drop-15b-kelp-dao-exploit?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound