Curve's Egorov flags non-isolated lending risks after KelpDAO exploit hits Aave

Curve founder Michael Egorov said the KelpDAO exploit caused roughly $292 million in losses and left Aave with bad debt, underscoring vulnerabilities in today's "non-isolated lending" model. In a post dated April 19 (UTC+8), Egorov noted that while the approach scales well, it concentrates risk and demands stronger risk controls. He added that fully isolated and hybrid designs could be practical alternatives, and pointed to Aave v4's proposed "hub-and-spoke" architecture as a potential path toward more secure lending structures. (Source: ODAILY)