s/0xpuneerDEFI RESCUE•Apr 28
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Aave core pools hit 100% ETH utilization after rsETH exploit
Aave’s core pools hit 100% ETH utilization after the rsETH exploit drained liquidity and locked markets, wiping over $7B from TVL and choking withdrawals. The immediate fix is outside money: TRON DAO and HTX pushed $20M USDT into Aave V3 as part of a fast backstop forming around the protocol.
That deposit lands alongside a broader scramble to stabilize things, including Aave opening defiunited.eth for recovery contributions and partners lining up capital. Justin Sun framed the move as support for Aave and a path to bring it onto TRON, after saying the attacker’s $300M haul wasn’t spendable anyway, while Circle also signaled support as the rescue effort comes together.
That deposit lands alongside a broader scramble to stabilize things, including Aave opening defiunited.eth for recovery contributions and partners lining up capital. Justin Sun framed the move as support for Aave and a path to bring it onto TRON, after saying the attacker’s $300M haul wasn’t spendable anyway, while Circle also signaled support as the rescue effort comes together.
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Apr 28