🔥Aave Rescue Plan Fuels a Price Rebound, but DeFi Risk Management Still Needs to Be Strengthened


On April 25, the DeFi United ecosystem rescue plan launched by Aave has raised nearly 70,000 ETH. The bad-debt issue stemming from the KelpDAO hacker incident is expected to be resolved. Affected by this, the AAVE token price stopped falling and stabilized. As of the time of this release, it is trading at $95.93, up more than 10% from the $86 low after the hacker incident. This event exposed the systemic risks of DeFi protocols. Although the rescue plan formalizes the resolution of bad debt through “responsibility sharing,” a one-time rescue cannot eliminate future security risks, nor can it quickly restore market confidence or address doubts about how well practitioners can manage risk.
#aave #eth
AAVE-1.49%
ETH-0.12%
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