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via Cointelegraph · By Cointelegraph Staff
Aave Restores Wrapped Ether Borrowing Following Kelp DAO Hack
AAVE
AAVE/USDT
$86.75
-0.03%
$86.75
-0.03%
(24s)24h Volume
$45,405,164.28
24h H/L
$87.30 / $85.63
Change: $1.67 (1.95%)
Funding Rate
+0.0010%
Longs pay
Data provided by COINOTAG DATALive data
CS
Cointelegraph Staff(05:02 AM UTC)
1 min read
Aave users are now able to borrow against wrapped Ether on the decentralized finance protocol again, as the Kelp DAO exploit recovery plan continues to progress.
Aave founder Stani Kulechov said in an X post Sunday that the protocol restored loan-to-value (LTV) ratios for wrapped Ether (WETH) to pre-incident levels across all affected networks: Aave V3 Ethereum Core, Ethereum Prime…
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