@aave: LlamaRisk report on rsETH incident, bad debt scenarios, and recovery

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Update on rsETH incident: @LlamaRisk has published a report outlining the rsETH incident, the immediate actions taken, its impact on Aave, and potential paths forward. All service providers have been working to assess the two potential bad debt scenarios on the Aave protocol. Aave DAO service providers are also leading an effort with ecosystem participants to address any bad debt. This effort already has several indicative commitments from various parties and we are grateful for the strong support we have received so far. We will share further updates as we have them. In the meantime, the full report can be read here: https://governance.aave.com/t/rseth-inci…

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LlamaRisk report on rsETH incident, bad debt scenarios, and recovery

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LlamaRisk has published a report on the rsETH incident, covering the immediate actions taken, its impact on Aave, and possible paths forward. Aave DAO service providers are assessing two potential bad debt scenarios on the Aave protocol. They are also leading an effort with ecosystem participants to address any bad debt, which has already received several indicative commitments from various parties. Further updates will follow.

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