Aave (AAVE) Reports Significant Recovery Following the Latest Hack

Aave has completed another significant step in its technical recovery plan following the rsETH incident. The protocol announced that it has restored loan-to-value (LTV) ratios for WETH to pre-incident levels across all affected networks.

Thanks to the update, users can once again borrow against WETH collateral. This includes not only standard loan applications but also collateral and debt swap transactions.

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Aave founder Stani Kulechov announced on social media, “The next step in the rsETH technical recovery plan has been completed with the WETH LTV rates returning to pre-event levels. Users can now borrow WETH again on Aave.”

The update applies to Aave V3 distributions including Ethereum Core, Ethereum Prime, Arbitrum, Base, Mantle, and Linea.

As you know, KelpDAO recently experienced a hack, resulting in the temporary loss of stabilization for rsETH assets.

*This is not investment advice.

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