DeFi lender
Coverage of DeFi lender in the Nexus archive.
- Aave deposits fall by $15B as Kelp exploit sparks flight from DeFi lender
Aave's total supplied balance dropped by $15 billion following the Kelp DAO bridge exploit, as users withdrew funds due to uncertainty about the protocol's ability to cover the shortfall. The incident highlights ongoing risks in decentralized finance (DeFi) lending platforms.
- Aave deposits fall by $15B as Kelp exploit sparks flight from DeFi lender
Aave's supplied balance has dropped by $15 billion following the Kelp DAO bridge exploit, as users withdraw funds due to uncertainty about the protocol's ability to cover rsETH-linked shortfalls.
- Aave sees $6 billion deposit drop as Kelp hack exposes structural risk for DeFi lender
Aave experienced a $6 billion deposit drop following a security breach at Kelp, which exposed structural risks in DeFi lending platforms. The incident highlights vulnerabilities in decentralized finance systems despite their growing popularity.