Viewpoint: The KelpDAO Hack May Hasten DeFi's Shift to Modular Lending, While LayerZero Could Lose Some Cross-Chain Market Share

BlockBeats News, April 19th: Cryptocurrency KOL benmo.eth posted a statement stating that the repercussions of the KelpDAO's rsETH hack are far-reaching, with blame lying between KelpDAO and LayerZero. He believes that this incident may have the following impacts:

· The security of wrapped assets such as LRT cannot be compared to that of native assets. Lending protocols should not mix them as equivalent collateral.

· LayerZero may lose some cross-chain markets in the future. Several assets, including usde and usd0, have ceased to adopt its cross-chain solution. Even if business resumes, reputation restoration will be very challenging.

· Aave's security "halo" has been shattered, and the risk of a unified lending market is back under whale scrutiny. Each new collateral asset adds extra risk to existing ones, which is not fair to native assets. Aave V4 and modular lending may become future trends, accelerating the transition process. The market will focus more on the "lending business itself" rather than a single lending platform or curator, but the operating costs will also rise.

· The cost for L2 to acquire TVL will further increase, and some liquidity may return to L1.

· DeFi will halt its expansion path, shifting towards a more conservative security model, while also needing to further address AI-driven security threats like Anthropic Mythos.