DeFi Markets Freeze After $280M rsETH Exploit
An rsETH exploit valued at $280 million has caused widespread market freezes and operational pauses across numerous decentralized finance (DeFi) protocols. Affected platforms include Aave V3, SparkLend, Lido Earn, Ethena, Compound, and Yearn. Aave V3 faces potential bad debt, and borrow rates on platforms like Aave have surged to 9%, leading some users to liquidate their looped ETH positions.
Detected & updated continuously · Source: Ruma
Mentioned
Kelp DAO Restaked ETH (rseth)
Aave (aave)
Ethena (ena)
Compound (comp)
Lido Earn ETH (earneth)
@sparkdotfi
@yearnfiSources
@andyyy
Current list of DeFi protocols with frozen markets/pauses ongoing after $280M rsETH exploit: - Aave V3 (could be in a bad debt) - SparkLend - Lido Earn - Fluid - Ethena - Compound - Yearn - LayerZero - Euler - Upshift - Pendle PT/YT tokens - Beefy
@CryptoWendyO
Another DEVASTATING incident in defi. If AI was used what does the future look like?
@0x_Abdul
If you were unable to get your ETH out of Aave in time and are still stuck: Since borrow rates have spiked to 9% some people are winding down their looped ETH positions and returning borrowed ETH Keep an eye on available liquidity as soon as it becomes available and withdraw https://t.co/BXZMZqqAcU