Aave published a report outlining two possible outcomes: around $123 million in losses if damage is shared across all rsETH, or up to $230 million if confined to Layer 2s, with the final impact depending on how Kelp DAO allocates the shortfall. Aave’s incident report found that the rsETH exploit created unbacked collateral used to borrow roughly $190 million, leaving the protocol exposed to potential bad debt despite its systems functioning as designed. The report outlines two possible outcomes…
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