Aave restores WETH borrowing as Kelp DAO recovery moves ahead
Aave has restored borrowing against wrapped Ether across affected markets as the decentralized lending protocol continues recovering from the fallout tied to Kelp DAO’s April...
Tag : DAO
CoW DAO approves compensation for cow.fi hijack victims, claims due May 14
CoW DAO approved CIP‑86 to offer discretionary grants of up to 100% to victims of April’s cow.fi domain hijack, with detailed claims due by May...
Court lets Arbitrum DAO to transfer $71M in ETH tied to North Korea hack to Aave
A Manhattan federal judge has allowed Arbitrum DAO to move $71 million in frozen Ether to Aave, clearing the path for the DeFi protocol’s recovery...
Kelp DAO exploit prompts DeFi protocols to rethink oracle providers
Decentralized finance protocols are reevaluating their blockchain oracle providers’ security after the fallout from the $293 million Kelp DAO exploit last month. Several protocols have...
Arbitrum DAO Votes to Unlock $70 Million for Kelp DAO Exploit Relief
In brief Arbitrum DAO has voted in favor of releasing 30,765.67 ETH to a recovery address controlled by Aave, KelpDAO, EtherFi, and Certora. A U.S....
Aave liquidates Kelp DAO hacker's rsETH positions on Ethereum, Arbitrum
Aave Labs has liquidated the Kelp DAO attacker’s remaining rsETH positions on Ethereum and Arbitrum, moving one step closer to fully restoring rsETH backing and...
Kelp DAO to migrate rsETH to Chainlink CCIP as blame game continues
DeFi protocol Kelp DAO said it will be migrating its restaking token, rsETH, to the Chainlink oracle platform after the $292 million exploit in April,...
Aave Fights to Unfreeze $71 Million as Kelp DAO Hack Spills Into Court
In brief Aave asks a New York court to release $71 million frozen on Arbitrum after the Kelp DAO exploit. Plaintiffs claim the funds are...
Aave, Compound Unveil Technical Plan to Address Fallout From $290M Kelp DAO Hack
In brief The DeFi United coalition has published a technical implementation for restoring rsETH token backing following the Kelp DAO hack. The relief effort secured...
Aave-Led 'DeFi United' Relief Effort Raises $300 Million to Cover Kelp DAO Exploit Losses
In brief DeFi United has received enough contributions to potentially restore rsETH, receiving contributions worth $303 million, as of Monday. The coordinated relief effort has...