Analysis: The KelpDAO hack has far-reaching consequences, accelerating the transformation of lending platforms and the L2 ecosystem.

PANews reported on April 19th that, regarding the theft of rsETH from KelpDAO, crypto KOL benmo.eth analyzed that the incident has far-reaching implications, mainly reflected in the following six points:

1. The security of packaged assets such as LRT cannot be compared with that of native assets, and lending platforms cannot treat these two types of assets as equal collateral.

2. L0 will lose part of the cross-chain market in the future. Several assets such as USDE and USD0 have already stopped L0 cross-chain operations. Even if business resumes, it may be difficult to restore the original reputation.

3. AAVE's "golden skin" has been broken, and the security of the monopolistic lending market is once again under scrutiny by major players. Each additional collateral asset increases the risk of the original collateral assets equally, which is inherently unfair to the original assets. V4 and modularity are the trends in lending product development, and this transformation is likely to accelerate. Choosing a lending business, rather than a lending platform or curator, is an option, but the costs of this business are increasing.

4. The cost of acquiring TVL in L2 will increase further, and the TVL level will now flow back to L1.

5. DeFi has halted its expansion strategy, reverting to a conservative and secure approach, and further measures are needed to prevent scanning by Anthropic Mythos.

6. From a risk control perspective, large lending platforms should consider the feasibility of on-chain delayed withdrawals when faced with large withdrawals.

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Author: PA一线

This content is for market information only and is not investment advice.

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