Aave Sees $15B Drop in Deposits After Kelp Exploit

Aave is experiencing a significant decline in its supplied balance, with deposits falling by $15 billion following the Kelp DAO bridge exploit. Users are withdrawing their funds amidst concerns over the potential impact of the exploit on the protocol's finances. The uncertainty surrounding the losses linked to rsETH is triggering this mass exit, as investors seek safer alternatives in the DeFi landscape.