Aave founder defends $8.45 billion run on V4 upgrades to restructure risk management system

In April this year, KelpDAO's LayerZero-based cross-chain bridge suffered a $292 million attack, triggering a deposit run of up to $8.45 billion in DeFi lending agreement Aave within 48 hours. Faced with external questions about the agreement's risk control capabilities, Aave founder and CEO Stani Kulechov said that this incident just proved Aave's "resilience." Kulechov said at the ProofofTalk conference in Paris that the AaveV3 has experienced multiple market cycles and remains stable despite extreme market conditions. He believes that recent DeFi security incidents mainly stem from third-party infrastructure, rather than the protocol's own smart contract vulnerabilities. However, according to risk analysis agency LlamaRisk, attackers used the KelpDAO vulnerability to create worthless collateral and deposit it in Aave, thereby extracting the real wETH, causing AaveV3 to leave approximately US$123.7 million in bad debts. In response to the crisis, AaveDAO urgently allocated 25,000 ETH, and Kulechov himself also injected an additional 5000 ETH, with the overall bailout scale of approximately US$300 million. In response to the exposed systemic risks, Aave is planning to restructure the risk management architecture through V4 upgrades. The new version will adopt a modular "Hub-and-Spoke" design to replace the traditional fund pool model, allowing the agreement to implement independent risk pricing for different collateral and freeze specific collateral assets before risk spreads to reduce cross-chain bridge failures. The possibility of chain runs triggered by chain runs.