{"id":96436,"date":"2026-04-23T12:10:07","date_gmt":"2026-04-23T09:10:07","guid":{"rendered":"https:\/\/u1f987.com\/en\/?p=96436"},"modified":"2026-04-23T12:15:29","modified_gmt":"2026-04-23T09:15:29","slug":"aave-experiences-over-16-billion-in-deposit-outflows-in-days","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/aave-experiences-over-16-billion-in-deposit-outflows-in-days\/","title":{"rendered":"Aave Experiences Over $16 Billion in Deposit Outflows in Days"},"content":{"rendered":"<p>Following the <a href=\"https:\/\/u1f987.com\/en\/news\/kelp-protocol-loses-293-million-following-cross-chain-bridge-attack\">Kelp hack<\/a>, deposits in the leading lending protocol <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-aave\">Aave<\/a> dropped by 35% \u2014 from $45.8 billion to $29.6 billion. This was noted by on-chain analyst EmberCN. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"zh\" dir=\"ltr\">Aave \u4e0a\u7684\u603b\u5b58\u6b3e\u91cf\u5df2\u7ecf\u8dcc\u7834 $300 \u4ebf\u3002\u4ece rsETH \u4e8b\u4ef6\u524d\u7684 $458 \u4ebf\u5230\u73b0\u5728\u7684 $296 \u4ebf\uff0c\u6d41\u51fa $162 \u4ebf\u3002 <a href=\"https:\/\/t.co\/kxalj1cZ4y\">https:\/\/t.co\/kxalj1cZ4y<\/a> <a href=\"https:\/\/t.co\/8QoI2tl8S8\">pic.twitter.com\/8QoI2tl8S8<\/a><\/p>\n<p>\u2014 \u4f59\u70ec (@EmberCN) <a href=\"https:\/\/twitter.com\/EmberCN\/status\/2047120021881843831?ref_src=twsrc%5Etfw\">April 23, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The platform&#8217;s <span data-descr=\"total value locked\" class=\"old_tooltip\">TVL<\/span> continues to decline. At the time of writing, it stands at $15.1 billion, although it exceeded $26 billion on April 18. <\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/img-48b54dd312fbd707-2536561199390052.webp\" alt=\"image\" class=\"wp-image-278877\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/defillama.com\/protocol\/aave\">DefiLlama<\/a>. <\/figcaption><\/figure>\n<p>The native token Aave remains in a downward trend. Over the past week, AAVE quotes have fallen by 13.8%. At the time of writing, the asset is trading around $91.4. <\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/img-4eeb450b0499f874-2536575237982323.webp\" alt=\"image\" class=\"wp-image-278878\"\/><figcaption class=\"wp-element-caption\">Hourly chart of AAVE\/USDT on Binance. Source: <a href=\"https:\/\/ru.tradingview.com\/chart\/atJ4mYHE\/?symbol=BINANCE%3AAAVEUSDT\">TradingView<\/a>. <\/figcaption><\/figure>\n<p>The Kelp hacker continues to launder funds. According to EmberCN, in a day and a half, the hacker almost completely converted the stolen 75,700 ETH ($175 million) into Bitcoin via THORChain. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"zh\" dir=\"ltr\">\u7528\u65f6\u4e00\u5929\u534a\uff0cKelpDAO \u9ed1\u5ba2\u7684 75,700 \u679a ETH ($1.75 \u4ebf) \u73b0\u5728\u5df2\u7ecf\u57fa\u672c\u4e0a\u90fd\u6362\u6210 BTC \u4e86\u3002<\/p>\n<p>\u9ed1\u5ba2\u628a ETH \u8de8\u94fe\u5151\u6362\u6210 BTC \u4e3b\u8981\u8d70\u7684\u534f\u8bae\u662f THORChain\uff0c\u9ed1\u5ba2\u7684\u4f7f\u7528\u4e5f\u4e3a THORChain \u5e26\u53bb\u4e86 $8 \u4ebf\u7684\u4ea4\u6613\u91cf\u4ee5\u53ca $91 \u4e07\u7684\u5e73\u53f0\u624b\u7eed\u8d39\u6536\u5165\u3002<\/p>\n<p>\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014-<a href=\"https:\/\/twitter.com\/hashtag\/Bitget?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitget<\/a> VIP\u2026 <a href=\"https:\/\/t.co\/YHNjV4jTGy\">https:\/\/t.co\/YHNjV4jTGy<\/a> <a href=\"https:\/\/t.co\/QMsFhsjWFx\">pic.twitter.com\/QMsFhsjWFx<\/a><\/p>\n<p>\u2014 \u4f59\u70ec (@EmberCN) <a href=\"https:\/\/twitter.com\/EmberCN\/status\/2047116852900565221?ref_src=twsrc%5Etfw\">April 23, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Thanks to this activity, the platform&#8217;s trading volume exceeded $800 million, and commission income reached $910,000, the expert noted. <\/p>\n<h2 class=\"wp-block-heading\">Addressing the Issue <\/h2>\n<p>To stabilize liquidity and halt the outflow of funds from Aave, the Fluid project launched an aWETH redemption mechanism.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The aWETH Redemption Protocol is now live on <a href=\"https:\/\/twitter.com\/arbitrum?ref_src=twsrc%5Etfw\">@Arbitrum<\/a> and <a href=\"https:\/\/twitter.com\/base?ref_src=twsrc%5Etfw\">@Base<\/a>.<\/p>\n<p>After processing $400M+ in redemptions on Aave Ethereum, we&#8217;re expanding to L2s.<\/p>\n<p>This time, we\u2019ll be opening up for all loopers to unwind while ETH lenders exit to LSTs.<\/p>\n<p>How it works \ud83e\uddf5 <a href=\"https:\/\/t.co\/lMhmsl8vAL\">https:\/\/t.co\/lMhmsl8vAL<\/a> <a href=\"https:\/\/t.co\/JmxdxUZnHP\">pic.twitter.com\/JmxdxUZnHP<\/a><\/p>\n<p>\u2014 Fluid \ud83c\udf0a (@0xfluid) <a href=\"https:\/\/twitter.com\/0xfluid\/status\/2046971208550486244?ref_src=twsrc%5Etfw\">April 22, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In 48 hours, 166,772 aETH (about $400 million) passed through it: users converted frozen assets into wstETH or weETH.<\/p>\n<p>The tool is based on the Lite Vault Fluid repository, which holds wstETH and weETH as collateral for ETH debt on Aave. This allows for direct closure of counter positions.<\/p>\n<p>Redemption occurred at a discount of about 2.2%. For comparison, aWETH traded at a discount of up to 23% on the secondary market, according to Castle Labs.<\/p>\n<p>Meanwhile, Circle&#8217;s Chief Economist Gordon Liao proposed raising the rate on <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-the-usdc-stablecoin\">USDC<\/a> on Aave v3.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">A proposal on AAVE USDC market and liquidity parameters from Circle&#8217;s Chief Economist <a href=\"https:\/\/twitter.com\/gordonliao?ref_src=twsrc%5Etfw\">@gordonliao<\/a> <a href=\"https:\/\/t.co\/7wX3TWIHop\">https:\/\/t.co\/7wX3TWIHop<\/a><\/p>\n<p>\u2014 Jeremy Allaire \u2014 jerallaire.arc (@jerallaire) <a href=\"https:\/\/twitter.com\/jerallaire\/status\/2047010703882535280?ref_src=twsrc%5Etfw\">April 22, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The stablecoin pool on the platform has been fully loaded for four consecutive days: available liquidity fell below $3 million, decreasing by $60 million in a day. The variable loan rate is fixed at a &#8220;ceiling&#8221; of about 14% and does not &#8220;clear&#8221; the market.<\/p>\n<p>Following the Kelp hack, about $300 million in new borrowings appeared in Aave. Some borrowers barely react to the rate: 14% per annum is a small price to exit a position. But <a href=\"https:\/\/u1f987.com\/en\/news\/what-are-liquidity-pools-and-how-do-they-work\">liquidity providers<\/a>, seeing the pool empty, demand a higher premium.<\/p>\n<p>Liao proposed making the rate progressive: the more funds are borrowed, the higher it is. At 95% load \u2014 37%, at 100% \u2014 53%. This would force borrowers to repay debts and attract new liquidity.<\/p>\n<p>Community members <a href=\"https:\/\/x.com\/dcfgod\/status\/2047044335837782299\">criticized<\/a> the idea. Avant protocol founder Rhett Shipp stated that raising rates will not stop the outflow of funds from Aave. <\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">You need to fire your chief economist. This will accelerate capital flight from both aave and usdc.<\/p>\n<p>If you want Morpho and usdt to win, this is a great idea.<\/p>\n<p>\u2014 Rhett Shipp (@RhettShipp) <a href=\"https:\/\/twitter.com\/RhettShipp\/status\/2047025296906547670?ref_src=twsrc%5Etfw\">April 22, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On April 21, the Arbitrum security council <a href=\"https:\/\/u1f987.com\/en\/news\/arbitrum-freezes-30766-eth-amid-probe-into-kelp-hack\">took<\/a> &#8220;emergency measures&#8221; and blocked 30,766 ETH (~$71.2 million) stolen from Kelp.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following the Kelp hack, deposits in the leading lending protocol Aave dropped by 35% \u2014 from $45.8 billion to $29.6 billion, noted on-chain analyst EmberCN. <\/p>\n","protected":false},"author":1,"featured_media":96437,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Aave deposits fell by 35% after Kelp hack, dropping from $45.8 billion to $29.6 billion.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1212,1220,1093],"class_list":["post-96436","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-aave","tag-circle","tag-defi"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"1","layout_type":"1","short_excerpt":"Aave deposits fell by 35% after Kelp hack, dropping from $45.8 billion to $29.6 billion.","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/96436","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=96436"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/96436\/revisions"}],"predecessor-version":[{"id":96438,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/96436\/revisions\/96438"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/96437"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=96436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=96436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=96436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}