Aave is rallying the DeFi ecosystem under a coordinated effort it's calling "DeFi United" to help make users whole after the April 18 Kelp bridge exploit left rsETH — a liquid restaking token — underbacked, putting funds at risk across multiple lending markets.
Aave announced on X today, April 23, that "multiple strong indicative commitments are now in place" to join the recovery effort, with Lido Finance named as the first public participant.
The announcement came just after Lido contributors submitted a governance proposal to contribute up to 2,500 Lido Staked Ether (STETH), worth appoximately $5.7 million, to the dedicated relief fund “to be used solely to reduce the rsETH deficit.”
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