Update: Aave's TVL has dropped to $17.947B, down $8.45B over the past 2 days. The total TVL of all DeFi protocols across all chains has also dropped from $99.497B to $86.286B, a decline of $13.21B.

Lookonchain
@lookonchain
Due to the KelpDAO exploiter borrowing over 82,600 $ETH ($195M) from #Aave using $RSETH as collateral, bad debt has appeared on #Aave. Many whales have withdrawn funds from #Aave, causing its TVL to drop from $26.396B to $20.114B — a decline of $6.28B. Major withdrawals
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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