source avatarDavid Arnal

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UPDATE ON THE KELPDAO HACK TODAY - The total locked value (TVL) of Aave has plummeted to $17.947 billion, losing $8.45 billion in just 2 days. - A massive capital outflow (about $6.6 billion in one day) has left many capital providers worried about not being able to withdraw enough funds. - The risk has spread to Solana, where on Kamino Finance (the largest lending platform on Solana), the main USDC pool (Prime Market) has reached a 100% utilization rate, with no available liquidity. Many other USDC pools also have utilization rates above 95%, putting pressure on widespread capital withdrawals.

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