Aave risk manager models 2 bad debt scenarios from Kelp DAO exploit

Aave risk manager models 2 bad debt scenarios from Kelp DAO exploit

0.44%LINK$9.28 1.02%DOGE$0.09489 0.63%ADA$0.2471 0.52%BTC$75,726 1.44%XLM$0.1738 3.18%SOL$85.20 0.75%XRP$1.42 0.95%BCH$441.74 0.75%ETH$2,312 1.13%HYPE$41.25 0.10%TRX$0.3286 1.21%BNB$630.28 1.36%USD Written by Brayden Lindrea,Staff WriterReviewed by Felix Ng,Staff EditorAave risk manager models 2 bad debt scenarios from Kelp DAO exploit19 minutes agoThe first scenario is far cheaper but runs the risk of rsETH depegging an estimated 15%, while the second is costlier but better protects Ethereum mainnet and concentrates losses at the layer 2 level. Decentralized lending platform Aave’s risk management provider has outlined two scenarios on how bad debt from the Kelp DAO exploit over the weekend could impact the ecosystem, depending on how the losses are allocated. The incident began on Saturday when hackers stole 116,500 Kelp DAO Restaked ETH (rsETH) tokens worth $293 million from Kelp DAO’

Source: https://cointelegraph.com/news/aave-s-risk-manager-shares-2-scenarios-to-allocate-losses-from-kelp-dao-hack?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound