Resolv ➤ Vault Street(@Vault_St):Every major shock shows up onchain as a jump in USDC borrowing costs. After the @Binance hack, the average borrow rate across Aave, Morpho and Fluid nearly doubled to ~10% within hours, then fell back to pre-hack levels in under two days. After April’s Kelp DAO exploit, where the bad collateral sat inside @aave itself, rates nearly quadrupled to ~13.5%, held above 11% for four days and took about a week to normalize. The difference: @tether and @circle moved fast to freeze stolen funds, and Binance quickly committed to covering user losses. That kept the panic out of DeFi lending. This chart ran first in our monthly newsletter. Subscribe to get the next one first

2026.11.04 16:16

Every major shock shows up onchain as a jump in USDC borrowing costs. After the @Binance hack, the average borrow rate across Aave, Morpho and Fluid nearly doubled to ~10% within hours, then fell back to pre-hack levels in under two days. After April’s Kelp DAO exploit, where the bad collateral sat inside @aave itself, rates nearly quadrupled to ~13.5%, held above 11% for four days and took about a week to normalize. The difference: @tether and @circle moved fast to freeze stolen funds, and Binance quickly committed to covering user losses. That kept the panic out of DeFi lending. This chart ran first in our monthly newsletter. Subscribe to get the next one first