Jun 9
Aave Proposes Protocol-Wide Risk Framework After KelpDAO Exploit
➤ Aave is considering a comprehensive protocol-wide risk framework and an upgrade to its Pendle PT risk oracle following the KelpDAO LayerZero exploit. ➤ The proposed four-layer framework will assess Asset Risk, Bridging Risk, Monitoring, and Chain Risk, with non-compliant assets being removed from the platform. ➤ The oracle upgrade aims to transition to protocol-owned infrastructure on Chainlink CRE for enhanced transparency and security.