Aave deposits fall by $15B as Kelp exploit sparks flight from DeFi lender
Burns Brief
Aave’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 The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch $AAVE for reaction — a decisive move above or below key levels will confirm the next trend.
Aave’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.
Key Takeaways
- Aave’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