#AAVE Aave has completed another important step in its technical recovery plan following the rsETH incident. The protocol announced that it has restored the loan-to-value (LTV) ratios for WETH to pre-event levels across all affected networks.


With this update, users can once again borrow against WETH collateral. These operations include not only standard borrowing but also collateral and debt swaps.
Aave founder Stani Kulechov stated on social media, “The next step in the rsETH technical recovery plan has been completed with the return of WETH LTV ratios to pre-event levels. Users can now borrow again against WETH on Aave.”
It was also noted that the update is applicable to the Ethereum Core, Ethereum Prime, Arbitrum, Base, Mantle, and Linea deployments of Aave V3.
As is known, a short time ago, a hacking attack occurred at KelpDAO, and the pegging of rsETH assets was temporarily lost.
INVESTMENT ADVISORY NOT PROVIDED
$AAVE $ETH $SOL
AAVE-2.93%
ETH-3.57%
CORE-6.32%
PRIME-4.79%
Sakura_3434
#AAVE Aave has completed another important step in its technical recovery plan following the rsETH incident. The protocol announced that it has restored the loan-to-value (LTV) ratios for WETH to pre-event levels across all affected networks.

With this update, users can once again borrow against WETH collateral. These operations include not only standard borrowing but also collateral and debt swaps.

Aave founder Stani Kulechov stated on social media, “The next step in the rsETH technical recovery plan has been completed with the return of WETH LTV ratios to pre-event levels. Users can now borrow again against WETH on Aave.”

It was also noted that the update is applicable to the Ethereum Core, Ethereum Prime, Arbitrum, Base, Mantle, and Linea deployments of Aave V3.

As is known, a short time ago, a hacking attack occurred at KelpDAO, and the pegging of rsETH assets was temporarily lost.

INVESTMENT ADVISORY NOT PROVIDED
$AAVE $ETH $SOL
repost-content-media
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned