DeFi Remains Resilient After Kelp DAO Hack and $13B TVL Drop

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The Kelp DAO hack caused about $292 million in losses and was followed by a $13 billion drop in DeFi total value locked. The decline mainly reflected liquidations of leveraged positions rather than a direct loss of capital. Aave saw $8.45 billion in outflows within 48 hours, and overall DeFi TVL returned to year-ago levels.

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