Summary
- The KelpDAO hack led to about $15 billion in outflows from DeFi lending protocol Aave over the past four days.
- Alongside Aave, Morpho also saw its total value locked fall by $15.1 billion and $1.5 billion, respectively, after the KelpDAO hack.
- Aave was trading at $92.85, down 7.09%% from a week earlier and 11.79%% from a month ago, according to CoinMarketCap.
Forecast Trend Report by Period
The fallout from the KelpDAO hack has triggered about $15 billion of outflows from DeFi lending protocol Aave over the past four days.
Aave's total value locked fell by $15.1 billion to $30.7 billion on April 22 from $48.5 billion just before the KelpDAO hack on April 18, according to EmberCN and other sources. That means roughly one-third of the protocol's total deposits have been wiped out in four days.
The KelpDAO hack has also fueled outflows from other DeFi lending protocols. Morpho's total value locked fell by $1.5 billion to $10.2 billion on April 22 from $11.7 billion before the hack, EmberCN said.
AAVE was trading at $92.85 as of 4:33 p.m., according to CoinMarketCap. That was down 7.09% from a week earlier and 11.79% from a month ago.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
