⚡JUST IN: 0xQuit says the $AAVE situation is bad and getting worse.
Multiple pools have hit 100% utilization, leaving lenders stuck and unable to withdraw. The protocol risks even more bad debt following the KelpDAO rsETH incident (~$290–300M).
The WETH pool is especially affected. Umbrella is supposed to partially cover the hole, but there's still no clarity or official statement from the team.
The market wants answers: who will ultimately bear the losses?
DYOR and stay cautious with deposits on Aave.
AAVE
95.74
-0.14%