#AAVE Aave has completed another important step in its technical recovery plan following the rsETH incident. The protocol announced that it has restored the loan-to-value (LTV) ratios for WETH to pre-event levels across all affected networks.
With this update, users can once again borrow against WETH collateral. These operations include not only standard borrowing but also collateral and debt swaps.
Aave founder Stani Kulechov stated on social media, “The next step in the rsETH technical recovery plan has been completed with the return of WETH LTV ratios to pre-event levels. Users can now borrow again against WETH on Aave.”
It was also noted that the update is applicable to the Ethereum Core, Ethereum Prime, Arbitrum, Base, Mantle, and Linea deployments of Aave V3.
As is known, a short time ago, a hacking attack occurred at KelpDAO, and the pegging of rsETH assets was temporarily lost.
INVESTMENT ADVISORY NOT PROVIDED
$AAVE $ETH $SOL
With this update, users can once again borrow against WETH collateral. These operations include not only standard borrowing but also collateral and debt swaps.
Aave founder Stani Kulechov stated on social media, “The next step in the rsETH technical recovery plan has been completed with the return of WETH LTV ratios to pre-event levels. Users can now borrow again against WETH on Aave.”
It was also noted that the update is applicable to the Ethereum Core, Ethereum Prime, Arbitrum, Base, Mantle, and Linea deployments of Aave V3.
As is known, a short time ago, a hacking attack occurred at KelpDAO, and the pegging of rsETH assets was temporarily lost.
INVESTMENT ADVISORY NOT PROVIDED
$AAVE $ETH $SOL
