Aave is under selling pressure. The market is pricing risk. And according to top analyst Darkfost, what is happening to AAVE right now is not a market problem — it is a protocol problem. Related Reading A report from Darkfost has identified a sequence of structural events that explains why Aave’s selling pressure carries more…
Aave is having one of the worst weeks in its history. On April 18, attackers exploited a vulnerability in KelpDAO’s rsETH bridge and deposited the stolen tokens as collateral on Aave V3, borrowing roughly $196 million in wrapped ether against assets the protocol had no reason to reject at the time. The bad debt was…