🕵️ DeFiLlama Co-founder 0xngmi on Kelp DAO rsETH Hack, 3 Potential Paths:


- Socialize losses across all users
18.5% haircut → ~$216M bad debt on Aave. Umbrella covers $55M, Aave treasury covers $85M, leaving $76M gap (can be filled by borrowing or selling ~$51M $AAVE from treasury). - Rug rsETH holders on L2s
Creates ~$341M bad debt on Aave (mainly Arbitrum, Mantle, Base). No Umbrella coverage, Aave would have to absorb everything. - Compensate using pre-hack snapshot
Very difficult due to heavy fund flows and pooled liquidity. Even after Umbrella, remaining loss would still be ~$91M. #hack
#crypto
AAVE-0.82%
ARB-1.57%
MNT-6.26%
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