Kelp DAO Completes Final rsETH Recovery Phase After $292M Hack
- Recovery Plan Completion: Kelp DAO has successfully completed the final stage of its rsETH recovery plan by transferring 23,737.72 rsETH to its Omnichain Fungible Token (OFT) adapter, marking the successful conclusion of recovery efforts following a $292 million hack.
- Funding Replenishment: Over the past two weeks, Kelp DAO, in collaboration with Aave, replenished approximately 116,000 rsETH to the OFT adapter, ensuring the restoration of user funds and the re-establishment of normal operations, demonstrating the project's resilience and effective partnership.
- Operational Status Restored: Kelp DAO confirmed that all core functions, including minting, redemption, and rewards distribution, are now operating normally, with rsETH fully collateralized, eliminating risks from the hack and enhancing user trust.
- Impact on DeFi Ecosystem: The recovery is closely monitored as a case study for the DeFi industry in post-exploit remediation, highlighting security vulnerabilities in cross-chain infrastructure while providing a crisis management template for other projects facing similar challenges.
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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 6 technical signals, shows that 3 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 | 75.297 | 78.923 | 82.947 | 86.573 | 90.597 | 94.223 | 98.247 |
| Fibonacci | 78.923 | 81.846 | 83.651 | 86.573 | 89.496 | 91.301 | 94.223 |
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