{"id":892,"date":"2026-04-20T21:47:07","date_gmt":"2026-04-20T12:47:07","guid":{"rendered":"https:\/\/hellobtc.jp\/?p=892"},"modified":"2026-04-20T21:47:07","modified_gmt":"2026-04-20T12:47:07","slug":"kelp-dao-292m-hack-aave-market-freeze-april-2026","status":"publish","type":"post","link":"https:\/\/hellobtc.jp\/?p=892","title":{"rendered":"2026\u5e74\u6700\u5927\u306eDeFi\u30cf\u30c3\u30af\uff1aKelp DAO\u304c$292M\u6d41\u51fa\u3001AAVE\u304c\u5e02\u5834\u7dca\u6025\u51cd\u7d50"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">\u7dca\u6025\u4e8b\u614b\uff1aETH\u304c20\u30c1\u30a7\u30fc\u30f3\u306b\u300c\u5b64\u7acb\u300d<\/h3>\n\n\n\n<p>2026\u5e744\u670819\u65e5\u3001DeFi\u53f2\u4e0a\u6700\u5927\u898f\u6a21\u306e\u30cf\u30c3\u30ad\u30f3\u30b0\u4e8b\u4ef6\u304c\u767a\u751f\u3057\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p><strong>Kelp DAO\u306ersETH\u30d6\u30ea\u30c3\u30b8\u304c$292M\uff08\u7d04440\u5104\u5186\uff09\u3092\u6d41\u51fa<\/strong>\u3001\u76d7\u307e\u308c\u305f\u30c8\u30fc\u30af\u30f3\u306f\u3059\u3050\u3055\u307eAAVE\u306b\u62c5\u4fdd\u3068\u3057\u3066\u9810\u3051\u5165\u308c\u3089\u308c\u3001AAVE\u306eWETH\u30ea\u30b6\u30fc\u30d6\u306b<strong>$236M\u4ee5\u4e0a\u306e\u4e0d\u826f\u50b5\u6a29<\/strong>\u304c\u767a\u751f\u3002AAVE\u306f\u7dca\u6025\u5bfe\u5fdc\u3068\u3057\u3066\u95a2\u9023\u5e02\u5834\u3092\u5373\u6642\u51cd\u7d50\u3057\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u3053\u308c\u306f2026\u5e74\u306b\u5165\u3063\u3066\u304b\u3089\u306eDeFi\u30cf\u30c3\u30af\u3068\u3057\u3066\u6700\u5927\u898f\u6a21\u3067\u3042\u308a\u3001\u5148\u6708\u306eDrift\u4e8b\u4ef6\uff08$270M\uff09\u3092\u8d85\u3048\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\u7b2c\u4e00\u7ae0\uff1a\u4f55\u304c\u8d77\u304d\u305f\u306e\u304b\uff08\u6642\u7cfb\u5217\uff09<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">\u653b\u6483\u306e\u5168\u30bf\u30a4\u30e0\u30e9\u30a4\u30f3<\/h3>\n\n\n\n<p>4\u670819\u65e5 \u5348\u5f8c\u301c\u5915\u65b9\uff08UTC\uff09\u653b\u6483\u958b\u59cb<br>  \u2193<br>LayerZero\u30d6\u30ea\u30c3\u30b8\u306e lzReceive \u95a2\u6570\u3092\u60aa\u7528<br>rsETH 116,500\u679a\uff08\u7d04$292M\uff09\u3092\u653b\u6483\u8005\u306e\u30a2\u30c9\u30ec\u30b9\u306b\u6d41\u51fa<br>  \u2193<br>\u76d7\u307e\u308c\u305frsETH\u3092AAVE V3\u306b\u62c5\u4fdd\u3068\u3057\u3066\u9810\u3051\u5165\u308c<br>WETH\u3092\u5927\u91cf\u501f\u5165\uff08\u62c5\u4fdd\u306f\u3059\u3067\u306b\u7121\u4fa1\u5024\uff09<br>  \u2193<br>18:26 UTC\uff1a2\u56de\u76ee\u306e\u653b\u6483\u8a66\u884c\uff08+$100M\u898f\u6a21\uff09\u2192 \u30ea\u30d0\u30fc\u30c8<br>18:28 UTC\uff1a3\u56de\u76ee\u306e\u653b\u6483\u8a66\u884c \u2192 \u30ea\u30d0\u30fc\u30c8<br>  \u2193<br>AAVE\u7dca\u6025\u5bfe\u5fdc\uff1arsETH\u95a2\u9023\u5e02\u5834\u3092\u5373\u6642\u51cd\u7d50<br>AAVE\u30d5\u30a1\u30a6\u30f3\u30c0\u30fc Stani Kulechov \u304c\u58f0\u660e\u767a\u8868<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\u7b2c\u4e8c\u7ae0\uff1a\u6280\u8853\u7684\u306a\u653b\u6483\u624b\u6cd5\uff08LayerZero\u306e\u8106\u5f31\u6027\uff09<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">\u306a\u305c$292M\u304c\u76d7\u3081\u305f\u306e\u304b<\/h3>\n\n\n\n<h4 class=\"wp-block-heading\">\u8106\u5f31\u6027\u306e\u6838\u5fc3\uff1a\u507d\u30e1\u30c3\u30bb\u30fc\u30b8\u306e\u6ce8\u5165<\/h4>\n\n\n\n<p>Kelp DAO\u306fLayerZero\u3068\u3044\u3046\u30af\u30ed\u30b9\u30c1\u30a7\u30fc\u30f3\u30e1\u30c3\u30bb\u30fc\u30b8\u30f3\u30b0\u30d7\u30ed\u30c8\u30b3\u30eb\u3092\u4f7f\u7528\u3057\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u653b\u6483\u8005\u304c\u60aa\u7528\u3057\u305f\u306e\u306f <code>lzReceive<\/code> \u30e1\u30bd\u30c3\u30c9\u3067\u3059\uff1a<\/p>\n\n\n\n<p>\u901a\u5e38\u306e\u30d5\u30ed\u30fc\uff1a<br>  \u30c1\u30a7\u30fc\u30f3A \u2192 LayerZero \u2192 \u30c1\u30a7\u30fc\u30f3B<br>  \u300crsETH\u3092100\u679a\u8ee2\u9001\u305b\u3088\u300d\u3068\u3044\u3046\u30e1\u30c3\u30bb\u30fc\u30b8<br>  \u2192 \u691c\u8a3cOK \u2192 \u5b9f\u884c<br><br>\u653b\u6483\u8005\u306e\u30d5\u30ed\u30fc\uff1a<br>  \u653b\u6483\u8005 \u2192 \u507d\u306e\u30e1\u30c3\u30bb\u30fc\u30b8\u3092\u6ce8\u5165<br>  \u300crsETH\u3092116,500\u679a\u8ee2\u9001\u305b\u3088\u300d<br>  \u2192 \u691c\u8a3c\u3092\u7a81\u7834 \u2192 \u5b9f\u884c \u2190 \u3053\u3053\u304c\u30d0\u30b0<\/p>\n\n\n\n<p><strong>\u554f\u984c\u306e\u672c\u8cea\uff1a<\/strong> Kelp DAO\u306f <code>1\/1 DVN\uff08\u5358\u4e00\u691c\u8a3c\u8005\uff09<\/code> \u8a2d\u5b9a\u3092\u63a1\u7528\u3057\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p>1\/1 DVN = \u30af\u30ed\u30b9\u30c1\u30a7\u30fc\u30f3\u30e1\u30c3\u30bb\u30fc\u30b8\u306e\u691c\u8a3c\u3092<br>          \u300c\u305f\u3063\u305f1\u4eba\u306e\u7f72\u540d\u8005\u300d\u3060\u3051\u306b\u59d4\u306d\u308b\u6700\u5f31\u306e\u8a2d\u5b9a<br><br>\u2192 \u30cf\u30c3\u30ab\u30fc\u304c\u305d\u306e1\u3064\u306e\u7f72\u540d\u3092\u507d\u9020\u3059\u308b\u3060\u3051\u3067\u653b\u6483\u6210\u529f<br>\u2192 LayerZero\u304c\u8a31\u53ef\u3059\u308b\u8a2d\u5b9a\u306e\u4e2d\u3067\u6700\u3082\u4f4e\u3044\u30bb\u30ad\u30e5\u30ea\u30c6\u30a3\u30ec\u30d9\u30eb<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h4 class=\"wp-block-heading\">rsETH\u300c\u4e8c\u91cd\u767a\u884c\u300d\u306e\u4ed5\u7d44\u307f<\/h4>\n\n\n\n<p>\u6b63\u5e38\u72b6\u614b\uff1a<br>  rsETH 1\u679a = ETH 1\u679a\u304c\u62c5\u4fdd\u3068\u3057\u3066\u5b58\u5728<br><br>\u653b\u6483\u5f8c\uff1a<br>  \u653b\u6483\u8005\u304c\u507d\u9020\u30e1\u30c3\u30bb\u30fc\u30b8\u3067 rsETH 116,500\u679a\u3092\u300c\u7121\u304b\u3089\u751f\u6210\u300d<br>  \u2192 \u5b9f\u969b\u306eETH\u62c5\u4fdd\u306a\u3057<br>  \u2192 116,500\u679a\u306ersETH\u304c\u300c\u4fa1\u5024\u306e\u306a\u3044\u30b4\u30df\u300d\u306b<br><br>\u653b\u6483\u8005\u304cAAVE\u306b\u3053\u308c\u3092\u62c5\u4fdd\u3068\u3057\u3066\u9810\u3051\u5165\u308c<br>\u2192 WETH\u3092\u501f\u308a\u3066\u9003\u8d70<br>\u2192 AAVE\u306b\u6b8b\u308b\u306e\u306f\u300c\u8fd4\u6e08\u3055\u308c\u306a\u3044\u501f\u91d1\u300d<br><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\u7b2c\u4e09\u7ae0\uff1aAAVE\u3078\u306e\u5f71\u97ff\uff08\u4e0d\u826f\u50b5\u6a29$236M\uff09<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">\u306a\u305cAAVE\u304c\u88ab\u5bb3\u3092\u53d7\u3051\u305f\u306e\u304b<\/h3>\n\n\n\n<p>\u653b\u6483\u8005\u306e\u884c\u52d5\uff1a<br>  \u2460 \u76d7\u3093\u3060rsETH 116,500\u679a\u3092AAVE V3\u306b\u5165\u91d1<br>  \u2461 rsETH\u3092\u62c5\u4fdd\u306bWETH\uff08Wrapped ETH\uff09\u3092\u5927\u91cf\u501f\u5165<br>  \u2462 \u501f\u308a\u305fWETH\u3092\u305d\u306e\u307e\u307e\u6301\u3061\u9003\u3052<br><br>AAVE\u306b\u6b8b\u3063\u305f\u72b6\u6cc1\uff1a<br>  \u30fb\u62c5\u4fdd\u306ersETH = \u4fa1\u5024\u30bc\u30ed\uff08\u88cf\u4ed8\u3051ETH\u304c\u5b58\u5728\u3057\u306a\u3044\uff09<br>  \u30fbWETH\u501f\u5165\u6b8b\u9ad8 = $236M\u4ee5\u4e0a<br>  \u30fb\u901a\u5e38\u306e\u6e05\u7b97\u304c\u4e0d\u53ef\u80fd\uff08\u62c5\u4fdd\u304c\u5b58\u5728\u3057\u306a\u3044\u305f\u3081\uff09<br><br>\u2192 AAVE\u306eWETH\u30ea\u30b6\u30fc\u30d6\u306b$236M\u8d85\u306e\u7126\u3052\u4ed8\u304d\u30ea\u30b9\u30af<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">AAVE\u306e\u7dca\u6025\u5bfe\u5fdc<\/h3>\n\n\n\n<p><strong>Stani Kulechov\uff08AAVE\u5275\u8a2d\u8005\uff09\u306e\u58f0\u660e\uff1a<\/strong><\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u300cAAVE\u306e\u30b3\u30f3\u30c8\u30e9\u30af\u30c8\u81ea\u4f53\u306f\u5b89\u5168\u3067\u3059\u3002\u4eca\u56de\u306e\u554f\u984c\u306fKelp DAO\u306e\u5916\u90e8\u30d6\u30ea\u30c3\u30b8\u306b\u8d77\u56e0\u3057\u3066\u3044\u307e\u3059\u3002\u300d<\/p>\n<\/blockquote>\n\n\n\n<p>\u7dca\u6025\u63aa\u7f6e\uff1a<br>&#8211; rsETH\u95a2\u9023\u5e02\u5834\u3092V3\u30fbV4\u3067\u5373\u6642\u51cd\u7d50<br>&#8211; \u8ffd\u52a0\u306e\u62c5\u4fdd\u53d7\u3051\u5165\u308c\u3092\u505c\u6b62<br>&#8211; \u6d41\u52d5\u6027\u30d7\u30ed\u30d0\u30a4\u30c0\u30fc\u3078\u306e\u5f71\u97ff\u3092\u6700\u5c0f\u5316<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">AAVE\u30e6\u30fc\u30b6\u30fc\u3078\u306e\u5b9f\u969b\u306e\u5f71\u97ff<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th class=\"has-text-align-center\" data-align=\"center\">\u30e6\u30fc\u30b6\u30fc\u30bf\u30a4\u30d7<\/th><th class=\"has-text-align-center\" data-align=\"center\">\u5f71\u97ff<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\">rsETH\u3092\u62c5\u4fdd\u306b\u5165\u308c\u3066\u3044\u305f\u4eba<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u5e02\u5834\u51cd\u7d50\u3067\u64cd\u4f5c\u4e0d\u53ef<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">WETH\u3092\u8cb8\u3057\u51fa\u3057\u3066\u3044\u305f\u4eba<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u4e0d\u826f\u50b5\u6a29\u30ea\u30b9\u30af\u3042\u308a<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">\u305d\u306e\u4ed6\u306eAAVE\u30e6\u30fc\u30b6\u30fc<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u4eca\u306e\u3068\u3053\u308d\u76f4\u63a5\u5f71\u97ff\u306a\u3057<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">AAVE\u30c8\u30fc\u30af\u30f3\u4fdd\u6709\u8005<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u8a55\u5224\u30ea\u30b9\u30af\u3067\u4fa1\u683c\u5727\u529b<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\u7b2c\u56db\u7ae0\uff1a\u30ea\u30a2\u30eb\u30bf\u30a4\u30e0\u5e02\u5834\u30c7\u30fc\u30bf<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">AAVE\u5148\u7269\u5e02\u5834\uff08\u7de8\u96c6\u90e8\u72ec\u81ea\u53d6\u5f97\u30fb2026\u5e744\u670819\u65e5\uff09<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th class=\"has-text-align-center\" data-align=\"center\">\u6307\u6a19<\/th><th class=\"has-text-align-center\" data-align=\"center\">\u30c7\u30fc\u30bf<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\">\u8cc7\u91d1\u8cbb\u7387<\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>-0.0052%<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">\u5224\u5b9a<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u26aa \u4e2d\u7acb\uff08\u3084\u3084\u5f31\u6c17\uff09<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">\u76f4\u8fd18\u671f\u9593\u5e73\u5747<\/td><td class=\"has-text-align-center\" data-align=\"center\">+0.0073%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">OI 24\u6642\u9593\u5909\u5316<\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>+7.0%<\/strong> \u2190 \u65b0\u898f\u30dd\u30b8\u30b7\u30e7\u30f3\u6025\u5897<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">\u6b21\u56de\u7cbe\u7b97\u6642\u523b<\/td><td class=\"has-text-align-center\" data-align=\"center\">01:00 JST<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>OI\u304c+7.0%\u5897\u52a0<\/strong> \u2192 \u30cf\u30c3\u30af\u767a\u8868\u5f8c\u306b\u65b0\u898f\u306e\u58f2\u308a\uff08\u30b7\u30e7\u30fc\u30c8\uff09\u30dd\u30b8\u30b7\u30e7\u30f3\u304c\u5927\u91cf\u306b\u5efa\u3066\u3089\u308c\u3066\u3044\u308b\u3053\u3068\u3092\u793a\u5506\u3002<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\u7b2c\u4e94\u7ae0\uff1a2026\u5e74\u306eDeFi\u30cf\u30c3\u30af\u6bd4\u8f03<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">\u4eca\u5e74\u306e\u4e3b\u8981\u4e8b\u4ef6\uff08\u898f\u6a21\u9806\uff09<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th class=\"has-text-align-center\" data-align=\"center\">\u9806\u4f4d<\/th><th class=\"has-text-align-center\" data-align=\"center\">\u30d7\u30ed\u30b8\u30a7\u30af\u30c8<\/th><th class=\"has-text-align-center\" data-align=\"center\">\u91d1\u984d<\/th><th class=\"has-text-align-center\" data-align=\"center\">\u624b\u6cd5<\/th><th class=\"has-text-align-center\" data-align=\"center\">\u6642\u671f<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\">\ud83e\udd47<\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Kelp DAO<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>$292M<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">LayerZero\u30d6\u30ea\u30c3\u30b8\u507d\u88c5<\/td><td class=\"has-text-align-center\" data-align=\"center\">4\u670819\u65e5<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">\ud83e\udd48<\/td><td class=\"has-text-align-center\" data-align=\"center\">Drift<\/td><td class=\"has-text-align-center\" data-align=\"center\">$270M<\/td><td class=\"has-text-align-center\" data-align=\"center\">\uff08\u5225\u4ef6\uff09<\/td><td class=\"has-text-align-center\" data-align=\"center\">4\u6708\u524d\u534a<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">\ud83e\udd49<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u305d\u306e\u4ed6<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u301c$50M<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u5404\u7a2e<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u5e74\u521d\u6765<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Kelp DAO\u306e\u30cf\u30c3\u30af\u306f2026\u5e74\u6700\u5927\u306eDeFi\u4e8b\u4ef6\u3068\u306a\u308a\u307e\u3057\u305f\u3002<\/strong><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\u7b2c\u516d\u7ae0\uff1a\u6295\u8cc7\u5bb6\u3078\u306e\u30a2\u30c9\u30d0\u30a4\u30b9<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">\u4eca\u3059\u3050\u78ba\u8a8d\u3059\u308b\u3053\u3068<\/h3>\n\n\n\n<p>1. AAVE\u306b\u8cc7\u7523\u3092\u9810\u3051\u3066\u3044\u308b\u5834\u5408\uff1a<br>   \u2192 rsETH\u62c5\u4fdd\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u78ba\u8a8d<br>   \u2192 \u5f71\u97ff\u306a\u3051\u308c\u3070\u614c\u3066\u3066\u52d5\u304f\u5fc5\u8981\u306a\u3057<br>   \u2192 \u516c\u5f0f\u767a\u8868\u3092\u968f\u6642\u78ba\u8a8d<br><br>2. Kelp DAO\uff08rsETH\uff09\u3092\u4fdd\u6709\u3057\u3066\u3044\u308b\u5834\u5408\uff1a<br>   \u2192 \u4fa1\u683c\u3078\u306e\u5f71\u97ff\u306f\u5927\u304d\u3044\uff08\u88cf\u4ed8\u3051\u6e1b\u5c11\uff09<br>   \u2192 \u614e\u91cd\u306a\u30dd\u30b8\u30b7\u30e7\u30f3\u7ba1\u7406\u304c\u5fc5\u8981<br><br>3. LayerZero\u3092\u4f7f\u3046\u30d6\u30ea\u30c3\u30b8\u5168\u822c\uff1a<br>   \u2192 1\/1 DVN\u8a2d\u5b9a\u306e\u30d7\u30ed\u30c8\u30b3\u30eb\u306f\u540c\u69d8\u306e\u30ea\u30b9\u30af\u3042\u308a<br>   \u2192 \u5206\u6563\u4fdd\u6709\u3092\u691c\u8a0e<br><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u3053\u306e\u30cf\u30c3\u30af\u304c\u793a\u3059\u6559\u8a13<\/h3>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>\u6559\u8a13\u2460\uff1a\u30af\u30ed\u30b9\u30c1\u30a7\u30fc\u30f3\u30d6\u30ea\u30c3\u30b8\u306f\u6700\u5927\u306e\u30ea\u30b9\u30af\u30dd\u30a4\u30f3\u30c8<\/strong><\/h4>\n\n\n\n<p>DeFi\u306e\u30cf\u30c3\u30af\u88ab\u5bb3\u306e\u591a\u304f\u306f\u30d6\u30ea\u30c3\u30b8\u306b\u96c6\u4e2d\uff1a<br>2023\u5e74 Ronin Bridge $625M<br>2022\u5e74 Wormhole $320M<br>2026\u5e74 Kelp DAO $292M<br><br>\u300c\u30d6\u30ea\u30c3\u30b8 = \u6700\u3082\u72d9\u308f\u308c\u3084\u3059\u3044\u5834\u6240\u300d<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>\u6559\u8a13\u2461\uff1aDVN\u8a2d\u5b9a\uff08\u691c\u8a3c\u8005\u306e\u6570\uff09\u3092\u78ba\u8a8d\u3059\u308b<\/strong><\/h4>\n\n\n\n<p>1\/1 DVN\uff08\u6700\u5f31\uff09\u2190 Kelp DAO\u306f\u3053\u308c\u3092\u63a1\u7528<br>2\/3 DVN\uff08\u6a19\u6e96\uff09<br>3\/5 DVN\uff08\u63a8\u5968\uff09<br><br>\u4f7f\u3046\u30d7\u30ed\u30c8\u30b3\u30eb\u306e\u691c\u8a3c\u8a2d\u5b9a\u3092\u5fc5\u305a\u78ba\u8a8d\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>\u6559\u8a13\u2462\uff1a\u62c5\u4fdd\u306e\u300c\u88cf\u4ed8\u3051\u300d\u3092\u78ba\u8a8d\u3059\u308b<\/strong><\/h4>\n\n\n\n<p>rsETH = \u300cETH\u3092\u62c5\u4fdd\u306b\u3057\u3066\u767a\u884c\u3055\u308c\u308b\u6d3e\u751f\u30c8\u30fc\u30af\u30f3\u300d<br>\u2192 \u3082\u3068\u306eETH\u304c\u5931\u308f\u308c\u308c\u3070\u3001rsETH\u81ea\u4f53\u304c\u4fa1\u5024\u3092\u5931\u3046<br><br>LST\u3084LRT\u3092\u62c5\u4fdd\u306b\u4f7f\u3046\u5834\u5408\uff1a<br>\u2192 \u767a\u884c\u5143\u306e\u30bb\u30ad\u30e5\u30ea\u30c6\u30a3\u3092\u5fc5\u305a\u78ba\u8a8d\u3059\u308b\u3053\u3068<br><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\u307e\u3068\u3081<\/h2>\n\n\n\n<p>Kelp DAO\u306e\u30cf\u30c3\u30af\u306f\u3001DeFi\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u304c\u62b1\u3048\u308b\u30af\u30ed\u30b9\u30c1\u30a7\u30fc\u30f3\u30d6\u30ea\u30c3\u30b8\u306e\u6839\u672c\u7684\u306a\u30ea\u30b9\u30af\u3092\u6539\u3081\u3066\u9732\u5448\u3055\u305b\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>$292M\u6d41\u51fa<\/strong> \u2192 2026\u5e74\u6700\u5927\u306eDeFi\u88ab\u5bb3<\/li>\n\n\n\n<li><strong>LayerZero\u306e1\/1 DVN\u8a2d\u5b9a<\/strong> \u2192 \u5358\u4e00\u7f72\u540d\u507d\u9020\u3067\u7a81\u7834<\/li>\n\n\n\n<li><strong>AAVE\u306b$236M\u4e0d\u826f\u50b5\u6a29<\/strong> \u2192 \u6b63\u5e38\u306a\u6e05\u7b97\u4e0d\u53ef\u80fd<\/li>\n\n\n\n<li><strong>20\u30c1\u30a7\u30fc\u30f3\u306bWETH\u5b64\u7acb<\/strong> \u2192 \u56de\u53ce\u56f0\u96e3\u306a\u72b6\u6cc1<\/li>\n<\/ul>\n\n\n\n<p>AAVE\u306e\u30b3\u30a2\u30d7\u30ed\u30c8\u30b3\u30eb\u81ea\u4f53\u306f\u5b89\u5168\u3067\u3059\u304c\u3001<strong>\u5916\u90e8\u30d7\u30ed\u30c8\u30b3\u30eb\u3068\u306e\u9023\u643a\u30ea\u30b9\u30af<\/strong>\u304c\u4eca\u56de\u306e\u88ab\u5bb3\u3092\u62e1\u5927\u3055\u305b\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p>DeFi\u306b\u53c2\u52a0\u3059\u308b\u969b\u306f\u3001\u300c\u3069\u306e\u30d6\u30ea\u30c3\u30b8\u3092\u7d4c\u7531\u3057\u3066\u3044\u308b\u304b\u300d\u300c\u62c5\u4fdd\u306e\u88cf\u4ed8\u3051\u306f\u4f55\u304b\u300d\u3092\u5e38\u306b\u610f\u8b58\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>2026\u5e744\u670819\u65e5\u3001Kelp DAO\u306ersETH\u30d6\u30ea\u30c3\u30b8\u304cLayerZero\u8106\u5f31\u6027\u3092\u7a81\u304b\u308c$292M\u304c\u6d41\u51fa\u3002\u653b\u6483\u8005\u306fAAVE\u306b\u76d7\u3093\u3060rsETH\u3092\u62c5\u4fdd\u3068\u3057\u3066\u9810\u3051\u5165\u308cWETH\u3092\u501f\u308a\u9003\u8d70\u3001AAVE\u306b$236M\u8d85\u306e\u4e0d\u826f\u50b5\u6a29\u304c\u767a\u751f\u3002AAVE\u8cc7\u91d1\u8cbb\u7387-0.0052%\u30fbOI+7%\u5897\u52a0\u306e\u6700\u65b0\u5148\u7269\u30c7\u30fc\u30bf\u4ed8\u304d\u3002<\/p>\n","protected":false},"author":1,"featured_media":912,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"swell_btn_cv_data":"","footnotes":""},"categories":[13,17],"tags":[63,65,27,68,66,69,67,72,29,70,71,73],"class_list":{"0":"post-892","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-13","8":"category-17","9":"tag-63","10":"tag-aave","11":"tag-defi","13":"tag-kelp-dao","14":"tag-layerzero","15":"tag-rseth","16":"tag-72","17":"tag-29","18":"tag-70","19":"tag-71","20":"tag-73"},"_links":{"self":[{"href":"https:\/\/hellobtc.jp\/index.php?rest_route=\/wp\/v2\/posts\/892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hellobtc.jp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hellobtc.jp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hellobtc.jp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hellobtc.jp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=892"}],"version-history":[{"count":2,"href":"https:\/\/hellobtc.jp\/index.php?rest_route=\/wp\/v2\/posts\/892\/revisions"}],"predecessor-version":[{"id":913,"href":"https:\/\/hellobtc.jp\/index.php?rest_route=\/wp\/v2\/posts\/892\/revisions\/913"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hellobtc.jp\/index.php?rest_route=\/wp\/v2\/media\/912"}],"wp:attachment":[{"href":"https:\/\/hellobtc.jp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hellobtc.jp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hellobtc.jp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}