PANews|Apr 29, 2026 12:08
[Standard Chartered: rsETH Black Swan Incident Unlikely to Alter $2 Trillion RWA Expectations for DeFi]
According to The Block, Standard Chartered stated in its latest report that despite the previous theft of approximately $292 million worth of KelpDAO rsETH, which flowed into Aave and triggered a bank-run-like event, leading to a temporary $17 billion (around 38%) reduction in Aave deposits and a $5.5 billion (around 31%) decrease in active loans, the structural damage to DeFi remains limited. Aave founder Stani Kulechov and multiple parties have pledged over $300 million in funding to support the recovery of interest rates and net deposits.
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