Analysis: The KelpDAO theft incident has far-reaching impacts, and lending platforms and L2 ecosystems will accelerate transformation.

On April 19, Crypto World Network reported that, regarding the rsETH theft incident involving KelpDAO, crypto KOL benmo.eth analyzed that the event has far-reaching implications, mainly reflected in the following six points:

1. The security of wrapped assets such as LRT cannot be compared with native assets. Lending platforms cannot equally collateralize and commingle these two types of assets.
2. L0 will lose part of its cross-chain market going forward. Several assets, including USDE and USD0, have already stopped bridging to L0. Even if the business resumes, the original reputation will be difficult to restore.
3. AAVE’s “golden body” has been broken. The security of the unified lending market has once again entered the stage of whale scrutiny. Every additional collateral asset equally increases the risk of the original collateral assets, which is inherently unfair to native assets. V4 and modularization are trends in the development of lending products, and this transition process is likely to accelerate.