Curve's founder has spoken out. Whether Aave v4's hub and spoke can truly balance isolation and efficiency depends on the code.

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Curve Founder: KelpDAO Attack Causes Aave Bad Debt, Exposing Non-Isolated Lending Risks
Curve founder Michael Egorov pointed out that the KelpDAO attack resulted in approximately $292 million in losses and created bad debt on Aave, exposing the potential risks of non-isolated lending models. This model is highly scalable but carries high risks and requires strengthened risk management; fully isolated or hybrid models may be alternatives. The hub-and-spoke architecture of Aave v4 could promote lending to develop in a safer direction.
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