Aave liquidates Kelp DAO hacker's rsETH positions on Ethereum, Arbitrum
Burns Brief
Galaxy Digital’s Thaddeus Pinakiewicz noted that Aave is now only 10% short of recovering from the bad debt that hit its lending protocol after the Kelp DAO hack The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch $ETH $AAVE $ARB for reaction — a decisive move above or below key levels will confirm the next trend.
Galaxy Digital’s Thaddeus Pinakiewicz noted that Aave is now only 10% short of recovering from the bad debt that hit its lending protocol after the Kelp DAO hack.
Key Takeaways
- Galaxy Digital’s Thaddeus Pinakiewicz noted that Aave is now only 10% short of recovering from the bad debt that hit its lending protocol after the Kelp DAO hack