Aave Expands rsETH Recovery, Restores WETH LTV Limits
Summary
- Aave said it restored WETH loan-to-value (LTV) ratios to their previous levels across affected networks as part of the rsETH recovery process.
- Users can once again borrow against WETH collateral, while collateral swaps and debt swaps have also resumed normal operations.
- The change applies to markets where Aave V3 is deployed, including Ethereum mainnet’s Core and Prime, as well as Arbitrum (ARB), Base, Mantle (MNT) and Linea.
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Aave, the Ethereum-based lending platform, has expanded its rsETH recovery process.
Wu Blockchain reported on May 17 that Aave restored WETH loan-to-value ratios to their previous levels across affected networks as part of the rsETH recovery effort. Users can now once again borrow against WETH collateral.
Collateral swap and debt swap functions have also resumed normal operations.
Aave founder Stani Kulechov described the update as the next step in the technical recovery plan for rsETH.
The change applies to Ethereum mainnet markets where Aave V3 is deployed, including Core and Prime, as well as Arbitrum, Base, Mantle and Linea.
Aave and Kelp DAO have been carrying out a phased recovery since the rsETH bridge hack. More recently, they burned rsETH minted during the hack and also moved to strengthen bridge system security.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
