Summary
Agave was a decentralized lending protocol on Gnosis Chain forked from Aave v2, developed by members of the 1Hive community. On March 15, 2022, the protocol suffered a reentrancy exploit that drained approximately $5.5 million in user funds, part of a coordinated $11.7 million attack that simultaneously hit Hundred Finance. The protocol paused operations following the hack and formally closed down in March 2024 with no documented user compensation.
Connected Entities
1 entitiesTimeline(6 events)
2021-01-01
Agave protocol launched on xDAI (Gnosis Chain) by the 1Hive community as a fork of Aave v2
2022-03-15
Reentrancy exploit drains approximately $5.5 million from Agave and $6.2 million from Hundred Finance simultaneously; total losses $11.7 million. Attacker address: 0x0a16a85be44627c10cee75db06b169c7bc76de2c
2022-03-15
Agave pauses all contracts and announces investigation via Twitter
2022-03-15
Stolen funds transferred to Tornado Cash within hours of exploit; approximately 4,479 ETH laundered in total across both protocols
2022-03-15
AGVE token price drops more than 20% following public disclosure of exploit
2024-03-25
Agave DAO formally announces closure; redemption portal opened at agavefinance.eth.limo/redeem/ for AGVE token holders
Decision Log
- hash: 6ifAyZEugtFTtfDobrmVGT9G4zhPQg63Gy6AK6wApRJG
- hash: 5n3u9ioPp2myCYB9qXVcM5Eo1SfW5Y5C8QMcjYkdo15x
- hash: BxBhVo5ejuqZgWfNo2Mh8bFuWPgxocGYkBGVfGi7b4bV
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:50 AM
last updated: 6/15/2026, 6:24:08 PM
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