Dan Elitzer

There's a number of reasons.

I think one is that we're seeing such major protocols.

Kelp actually had a lot of value in it, but Layer 0 is widely used across the ecosystem.

And Aave is frequently held up as one of the most trusted names in DeFi, obviously the largest in terms of TVL.

And so to see them affected in this way by an exploit really shakes people.

And I think it also is really significant because

This is due to the composability that we've all been so excited about with DeFi.

And here we're seeing the downsides of composability when you have not just ETH, but you've got like staked ETH in a liquid staking form, deposit into Eigenlayer.

So it's restaked there.

You've got a liquid restaking wrapper.

You're bridging that to other chains.

You're using that as collateral.

You've got these levered loops going.

There's just so many things happening here.

And there's a lot of things that had to go wrong for us to be in this state.

A lot of people have been playing the blame game, saying like, you know, who's responsible here?

And I think the answer is if,

Any of these parties had been more buttoned up.

Everybody from from Kelp to Layer Zero to Ave to Ave borrowers, potentially even the EF.

Like there's there's so many different places that you can point fingers.