Kelp’s Black Swan for Aave

DeFi platform Aave lost 20% of its token market cap after a $200 million hack on KelpDAO exploited an undercollateralized rsETH token. The vulnerability stemmed from a single-validator confirmation system, raising concerns about decentralization and security across Aave's partner platforms. Investor panic led to $7 billion in withdrawals, with increased inflows to Binance.