Apr 21, 2026
Aave Faces $8 Billion TVL Drop and Potential Bad Debt from Kelp DAO Contagion
Aave's total value locked plunged $8 billion in 24 hours following the Kelp DAO exploit, with risk managers modeling two bad debt scenarios as users withdrew billions. The AAVE token fell nearly 20% to $89.50 amid contagion fears.
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