Project Progress

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Aave Proposes Risk Framework After $292M KelpDAO Exploit

Aave is proposing a risk framework designed to govern assets listed across Aave V3, V4, and Aave Horizon, following April's KelpDAO exploit. The exploit saw attackers mint roughly $292 million in unbacked rsETH through KelpDAO's LayerZero bridge and use the asset as collateral on Aave. The framework
AAVE-1.99%
ZRO2.13%
EthanBrooks·06-10 09:35
Aave Proposes Risk Framework After $292M KelpDAO Exploit