Spark Protocol Explodes to Yearly High After Massive $1.3B Capital Rotation from Aave
TL;DR: Capital Migration: Spark Protocol added $1.3 billion in liquidity over the past week, raising its Total Value Locked (TVL) above $5 billion. Impact on Aave:
Aave (Latest Publications)
Aave Unveils ‘DeFi United’ Fund to Restore rsETH Backing After KelpDAO Exploit
Following the KelpDAO exploit on April 18, Aave introduces the “DeFi United” initiative, a coordinated effort designed to cover the rsETH (Kelp DAO restaking token) deficit.
Kelp DAO Hacker Launders Nearly All Unfrozen ETH, Leaving Only Arbitrum’s Freeze Recoverable
TL;DR Laundering: The Kelp DAO attacker routed nearly all unfrozen ETH through THORChain and Umbra, emptying their main wallet and reducing recovery prospects. Arbitrum Freeze: Arbitrum’s
Circle Steps Into Aave Governance With Emergency Proposal After Days‑Long Ethereum Freeze
TL;DR: Circle intervened in Aave’s governance forum to propose an emergency solution to a liquidity crisis that lasted more than four days. The $292 million hack
Circle Proposes Emergency Rate Changes to Unlock Frozen Aave USDC Pool
TL;DR: The utilization of the USDC pool in Aave V3 Ethereum reached a critical 99.87%, leaving barely 3 million dollars in available liquidity currently. Gordon Liao,
$1B Flows Into SparkLend as Aave TVL Drops Post-Kelp Exploit
Following the Kelp bridge exploit on April 18, the DeFi lending landscape is undergoing a massive restructuring. Data from DefiLlama reveals that the SparkLend protocol recorded
Aave Faces $15B Deposit Exodus Following Kelp Dao Exploit
TL;DR Aave’s supplied balance fell from $45.8 billion to $30.8 billion after the Kelp Dao exploit, driving roughly $15 billion in withdrawals from the lending protocol.
Mantle Reaffirms Network Security and Joins Aave in Coordinated rsETH Recovery Plan
Mantle confirmed that its network, official bridges, and core infrastructure remain completely secure following the rsETH configuration incident involving KelpDAO.
Maker’s Spark and USDC Capture the $10B Aave Exodus
TL;DR: Over $10 billion left Aave following the Kelp DAO exploit for $292 million, which impacted the cross-chain backing of rsETH. Capital fragmented across Maker’s Spark,
Aave Holds Strong as Stakeholders Rally to Overcome KelpDAO Crisis
TL;DR Aave has been impacted by the $292 million KelpDAO exploit, which intensified concerns over liquidity pressure and contributed to a notable decline in total value
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