- Aave said a governance proposal had been submitted to provide 25,000 ETH to help address the bad debt created by fallout from the Kelp DAO hack.
- The total bad debt generated by the incident stands at 75,081 ETH, and 69,576 ETH in loans and donation support has been pledged so far.
- Once additional support funds from several crypto projects are added, the entire bad-debt amount could be fully resolved.
Forecast Trend Report by Period
Aave, the decentralized-finance lending platform hit by fallout from Kelp DAO’s major hack, is moving to deploy 25,000 Ether to help clean up bad debt.
Aave said on April 24 in a post on X that Aave DAO service providers had submitted a governance…