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Aave TVL Falls Over $10 Billion After KelpDAO RSETH Exploit

The reported decline followed a bad debt incident linked to a $290 million-plus RSETH exploit on KelpDAO, according to the cited source.

Summary

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Terms & Concepts
  • TVL (total value locked): A metric showing the total value of assets deposited in a decentralized finance protocol.
  • Exploit: An attack or vulnerability use that allows unauthorized access to funds or protocol functions.
  • Bad debt: A DeFi lending loss that occurs when collateral value cannot fully cover borrowed assets.