Aave's Bold Rate Hike Plan

A Circle economist proposes a radical solution to Aaves liquidity crisis following the Kelp DAO hack, suggesting a quadrupling of the max borrow rate to fifty percent and a lowering of the optimal utilization target. Meanwhile, Arbitrums security council freezes funds and Lido considers aid, as DeFi protocols unite to mitigate the impact of the exploit. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/153c29dd9a469003