According to CoinDesk, Aave Labs announced on May 7 that it will rewrite asset listing and collateral risk standards to add reviews of interoperability, cybersecurity, and underlying architecture beyond existing price and volatility assessments. The overhaul follows an April attack on KelpDAO’s cross-chain bridge, where attackers minted approximately $293 million in unsecured rsETH and used it as collateral to borrow real wETH from Aave, causing the protocol hundreds of millions in losses. Aave will also shift to analyzing systemic risks across DeFi protocols to reduce cross-protocol exposure.
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