DeFiLlama Co-Founder Suggests 3 Paths to Resolve $293M KelpDAO Hack Fallout

DeFiLlama Co-Founder Suggests 3 Paths to Resolve $293M KelpDAO Hack Fallout

Dark Mode Toggle Ball Crypto News Today Market Updates Margin Trading Guides Videos Price Analysis BTC Analysis ETH Analysis XRP Analysis Bitcoin For Beginners Interviews Editorials DeFi & NFT Buy Crypto Language Bulgarian Turkish Spanish © Copyright CryptoPotato Home » Crypto News The $293 million KelpDAO hack on April 18 has left Aave, rsETH holders, and the wider DeFi ecosystem staring at a hole nobody quite knows how to fill. But on Sunday, DeFiLlama co-founder 0xngmi laid out three realistic options on the table and ran the numbers on each. 0xngmi’s first option is to spread the pain. According to them, if KelpDAO socializes losses across all users, it would work out to an 18.5% haircut. There are some 666,000 rsETH sitting across Aave deployments, and most mainnet positions are looped close to the maximum loan-to-value ratio (LTV), so 0xngmi’s model assumes they are essentially at

Source: https://cryptopotato.com/defillama-co-founder-suggests-3-paths-to-resolve-293m-kelpdao-hack-fallout/