Aave

DeFi TVL April 20, 2026: KelpDAO exploit, Morpho Midnight and Top Yields Paid Members Public

Welcome to the Portals DeFi Weekly. The market experienced a significant liquidity contraction following the KelpDAO exploit, which triggered a cascading effect across major lending protocols. We break down the $292M rsETH hack, the resulting Aave liquidity crisis, the launch of Morpho Midnight, and the latest shifts in yield opportunities