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Decentralized finance (DeFi) was “bent, not broken” after a $292 million exploit on April 18.
KelpDAO's $292 million exploit triggered a 38% drop in AAVE deposits and a DeFi liquidity crunch.
KEY POINTS
- AAVE and allied firms committed $300 million to restore stability after the exploit, helping yields normalize.
- Standard Chartered forecasts tokenized real-world assets could reach $2 trillion market cap by end-2028.
- AAVE’s V4 upgrade and the Ethereum Economic Zone are being accelerated to reduce cross-chain bridge risks.
- JPMorgan estimates DeFi lost $20 billion in capital due to the KelpDAO exploit's ripple effects.
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