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ACalmnessWithAHintOfPomelo

Kelp DAO directly drained Aave's USDT pool in this wave, with a 99.99% utilization rate, which is a textbook-level liquidity crisis. The security assumptions of DeFi are still too fragile in the face of massive MEV and oracle delays.

AAVE0.31%
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MeNews
After the Kelp incident, Aave's Ethereum mainnet and Plasma network USDT liquidity was nearly exhausted.
According to the Aave page disclosure, due to the Kelp DAO attack, the Aave V3 Core Market (Ethereum mainnet) USDT deposits amount to approximately $3.29 billion, with available liquidity of only about $400k, and a utilization rate of 99.99%; Plasma Market USDT reserves approximately $1.35 billion, with available liquidity less than $0.01, and a utilization rate of 100%.
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