Solana Foundation backs Aave recovery with first-ever USDT deployment, plans to bring AAVE to Solana
Crypto Briefing
The Solana Foundation has deployed USDT into Aave to support recovery following the KelpDAO exploit and plans to introduce AAVE to the Solana ecosystem.Summary
The Solana Foundation has made its first-ever treasury deployment of USDT into Aave to assist with recovery efforts after a significant exploit involving KelpDAO. The attack, which involved the creation of unbacked rsETH tokens via a LayerZero misconfiguration, resulted in approximately $190 million in bad debt for the Aave protocol. Solana Foundation Chair Lily Liu emphasized that supporting the broader DeFi ecosystem is essential for Solana's own health. Additionally, the Foundation intends to integrate Aave's governance token into the Solana network this weekend.
(Source：Crypto Briefing)