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Standard Chartered: rsETH black swan cannot change DeFi support for 2 trillion USD RWA expectation.

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PANews
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3 hours ago
AI summarizes in 5 seconds.

PANews April 29 news, according to The Block, Standard Chartered stated in its latest research report that despite the KelpDAO rsETH previously suffering a theft of about $292 million and flowing into Aave, triggering a similar "run" that led to Aave's deposits temporarily decreasing by $17 billion (about 38%) and active loans decreasing by $5.5 billion (about 31%), the damage to the DeFi structure was limited. Aave founder Stani Kulechov and multiple parties have pledged over $300 million to support and promote the recovery of interest rates and net deposits. The report pointed out that this incident exposed issues of asset-liability mismatch and concentrated leverage in the lending market backed by wrapped, staked, and restaked assets, but still maintains the forecast that by 2028, the market value of tokenized RWA is expected to reach $20 trillion, provided that the DeFi infrastructure and stablecoin liquidity continue to improve.

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