Aave has completed another important step in its technical recovery plan following the rsETH incident. The protocol announced that it has restored Loan-to-Value (LTV) ratios for WETH in all affected networks to pre-incident levels.
The update allows users to borrow against WETH collateral again. This includes not only standard loan applications, but also collateral and debt swap transactions.
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Aave founder Stani Kulechov announced on social media: “The next step in rsETH’s technical recovery plan is complete as WETH LTV rates return to pre-event levels. Users can now borrow WETH on Aave again.”
The update applies to Aave V3 distributions including Ethereum Core, Ethereum Prime, Arbitrum, Base, Mantle, and Linea.
As you know, KelpDAO recently suffered a hack, which resulted in the temporary loss of stabilization for rsETH assets.
*This is not investment advice.