🔥Curve Founder: KelpDAO Attack Causes Aave Bad Debt, Highlighting Non-Isolated Lending Risks


Curve founder Michael Egorov stated that KelpDAO was attacked, resulting in a loss of approximately $292 million, leading to bad debt for Aave and exposing the risks of the non-isolated lending model. This model offers good scalability but carries high risks, making risk management crucial. He recommends adopting a fully isolated or hybrid model and mentioned that Aave v4's hub-and-spoke model might move toward a semi-isolated, safer direction.
#crv #aave
CRV-6.53%
AAVE-19.53%
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