Analysis: The KelpDAO hack has far-reaching consequences, accelerating the transformation of lending platforms and the L2 ecosystem.

CoinFeed reported on April 19th that crypto KOL benmo.eth analyzed the KelpDAO rsETH theft incident, stating that the event has far-reaching implications, mainly reflected in the following six points: 1. The security of wrapped assets like LRT cannot be compared with native assets, and lending platforms cannot treat them as equal collateral. 2. L0 will lose some cross-chain market share in the future. Several assets, such as USDE and USD0, have already stopped L0 cross-chain operations, and even if business resumes, their original reputation may be difficult to restore. 3. AAVE's "golden status" has been broken, and the security of the unified lending market is once again under scrutiny by whales. Each additional collateral asset increases the risk of the original collateral assets equally, which is inherently unfair to native assets. V4 and modularity are the trends in lending product development, and this transformation process is likely to accelerate.