DeFiLlama Co-Founder Analyzes Post-Hack Scenarios for Kelp DAO's rsETH
DeFiLlama co-founder 0xngmi has outlined three potential scenarios following the hack affecting Kelp DAO's rsETH. According to NS3.AI, one scenario suggests that Aave could face approximately $216 million in bad debt after an 18.5% haircut. Another option, which leaves rsETH holders on Layer 2 solutions uncompensated, could result in about $341 million of bad debt on Aave. A third approach, involving a pre-hack snapshot, would still result in around $91 million in losses even after Umbrella coverage.
Source: CoinLive The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments