The aftermath of the KelpDAO incident has already hit $AAVE : borrowing volume suddenly surged, indicating that funds aren’t working to rebuild confidence, but are instead rushing to plug liquidity gaps. Lending protocols fear nothing more than having capital pulled in a concentrated way at times like this. For $AAVE , the short-term focus should be on whether bids can absorb the outflows; until support holds, risk appetite will be hard to bounce back immediately.