Aave Restores Wrapped Ether Borrowing Following Kelp DAO Hack
Cointelegraph
Aave has restored loan-to-value ratios for wrapped Ether following a temporary freeze implemented after the Kelp DAO exploit.Summary
Aave has officially restored loan-to-value (LTV) ratios for wrapped Ether (WETH) across its V3 markets, ending a temporary freeze initiated after the Kelp DAO exploit. Founder Stani Kulechov confirmed the move, noting that users can again borrow against WETH as part of the successful completion of the rsETH recovery plan. While Aave experienced a significant decline in total value locked following the incident, current data suggests increased liquidity and reduced borrowing rates, potentially incentivizing a return of leveraged trading strategies.
(Source：Cointelegraph)