Luke Leasure and Shaunda Devens of Blockworks Research explain how three compounding failures, Kelp's one-of-one bridge signer, Layer Zero's permissive default settings, and Aave's failure to flag it as a collateral risk, set up the conditions for the exploit. 
Shaunda Devens then breaks down the monolithic pool design that concentrated risk, showing how 98% of rsETH collateral was backing a single leverage looping strategy. 
This clip is from a longer conversation on the Kelp rsETH hack and its implications for DeFi. Full episode here: <a href="https://youtube.com/live/hJ9X_btsvD0">https://youtube.com/live/hJ9X_btsvD0</a>
We go live every Thursday at 12:00 PM ET — subscribe to catch it live. Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a>

Podurama

Home

Trending

Personal

Your Podcasts

New Episodes

My Files

Favourite Episodes

Tags (Folders)

Recently Played

Bookmarks

Followed Playlists

Bits + Bips: How the Kelp rsETH Hack Left Aave With $193M in Bad Debt

Unchained

AI Chapters

AI Insights

Reviews