The same architectural openness that turned a forged cross-chain message at Kelp DAO's bridge into hundreds of millions of bad debt at Aave has in 48 hours produced its own antidote: A coalition of DeFi protocols has launched an emergency exit route.
Fluid, a DeFi DEX and lending protocol, has joined with other DeFi protocols to build a way for ETH depositors and loopers on Aave to swap their positions out of WETH, either exiting the protocol altogether or switching to a different collateral type, at a time when direct withdrawals are unavailable after the $290 million Kelp DAO exploit.
The aWETH Redemption Protocol has processed 58,510 aWETH, or approximately $136 million, out of Aave's frozen WETH pool in its first 48 hours, according to the live Dune dashboard Fluid is publishing.
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