Updated April 21, 2026 at 11:03 AMCoinCex editorial review
DeFi Protocols Launch Joint Escape Hatch for Aave ETH Lenders and Loopers
Fluid's aWETH Redemption Protocol, launched with Lido, Ether.fi, 1inch, 0x and Kyber, has processed $136M out of Aave's frozen WETH pool in 48 hours.
The same architectural openness that turned a forged cross-chain message at Kelp DAO's bridge into hundreds of millions of bad debt at Aave has in 48 hours produced its own antidote: A coalition of DeFi protocols has launched an emergency exit route. Fluid, a DeFi DEX and lending protocol, has joined with other DeFi protocols to build a way for ETH depositors and loopers on Aave to swap their positions out of WETH, either exiting the protocol altogether or switching to a different collateral type, at a time when direct withdrawals are unavailable after the $290 million Kelp DAO exploit. The aWETH Redemption Protocol has processed 58,510 aWETH, or approximately $136 million, out of Aave's frozen WETH pool in its first 48 hours, according to the live Dune dashboard Fluid is publishing. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
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