Aave Price Surges 9.76% Amid Partnership with Lido Finance

Aave's price has surged by 9.76% in one day to $96.92, but despite its strength across multiple timeframes, it still sits below pre-hack levels.

The platform's total value locked remains 43% below where it was before the KelpDAO hack four months ago, which resulted in a $292 million exploit.

Aave is partnering with Lido Finance and other partners to address liquidity shortfalls and contain potential bad debt, pending governance approval. This partnership aims to restore stability and contribute to renewed optimism regarding Aave's operational resilience.