SparkLend Sees Over $1B in Deposits Since Kelp Exploit as Aave TVL Plunges
SparkLend's TVL climbed from $1.89 billion to $3.3 billion as depositors fled Aave, whose TVL dropped roughly $10 billion to about $16 billion after the April 18 Kelp exploit left the lender facing potential nine-figure bad debt.
Entities mentioned
- Sparklend
- Aave
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