TLDR: In light of the KelpDAO exploit, we are pausing all new deposits to Aave vaults as a precaution in case of contagion to non-WETH vaults. We will update this incident when this pause is in effect.
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AAVE has communicated that the Aave Ethereum mainnet instance is likely to be unaffected by the non backed rsETH. At the moment this seems to the most likely path, though not yet finalized.
The implication: the rsETH bad-debt pressure shifts onto the non-Ethereum instances — namely Aave V3 on Arbitrum, Base, and Mantle.
What we’re doing
Pausing new deposits across all Aave V3 Vaults instances out of precaution, until the situation clears and the L2 loss-socialization path is defined. We will let you know when this is done
Monitoring utilization, available liquidity, and any governance signal on a rolling basis.
Caveat: This is rapidly evolving and subject to decisions by KelpDAO, the Aave DAO, the Aave service providers, and other foundations/teams in the space.
We are continuing to monitor and will update if the stance flips or if fresh information lands.