Aave's Proactive Measures Following Cyberattack

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Apr 24 2026

AAVE+0.708%

LDO+1.576%

DEFI-0.21%

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Funding Proposal: Aave's governance team has proposed to allocate 25,000 ETH (approximately $58 million) from its treasury to DeFi United, aiming for community approval to address losses from the Kelp DAO cyberattack.
Formation of DeFi United: The breach at Kelp DAO revealed vulnerabilities in the LayerZero bridge, allowing attackers to issue unsecured rsETH tokens as collateral on Aave, prompting the establishment of DeFi United to pool community resources for crisis management.
Supporter Contributions: DeFi United has raised 69,534 ETH so far, with significant contributions from prominent entities like Golem and BGD Labs, showcasing unity in recovery efforts within the DeFi sector, valued at around $161 million.
Loan Proposal Potential: Mantle has proposed a low-interest loan facility of up to 30,000 ETH for Aave to cover any remaining shortfalls, with current funds expected to cover most deficits, potentially eliminating the need for additional borrowing.

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Technical Analysis for AAVE

Technical Sentiment Analysis for Aave (AAVE). As of , Aave (AAVE) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AAVE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, AAVE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Aave (AAVE) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	71.515	77.032	82.385	87.902	93.255	98.772	104.125
Fibonacci	77.032	81.185	83.75	87.902	92.055	94.62	98.772

About AAVE

Aave is a decentralized finance protocol that allows people to lend and borrow crypto.Lenders earn interest by depositing digital assets into specially created liquidity pools. Borrowers can then use their crypto as collateral to take out a flash loan using this liquidity.Aave (which means “ghost” in Finnish) was originally known as ETHLend when it launched in November 2017, but the rebranding to Aave happened in September 2018. (This helps explain why this token’s ticker is so different from its name!)AAVE provides holders with discounted fees on the platform, and it also serves as a governance token — giving owners a say in the future development of the protocol.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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