MantleCore has introduced draft MIP-34, a governance proposal to lend up to 30,000 ETH from the Mantle Treasury to Aave DAO. This strategic credit facility aims to address the aftermath of an rsETH exploit by KelpDAO. Currently in the discussion phase, the proposal seeks community input before advancing to a formal vote.
The proposal highlights the interconnected nature of DeFi protocols, as Aave DAO's involvement underscores the broader impact of the rsETH incident. The lending, if approved, would mark a significant financial commitment from Mantle, reflecting the importance of cross-protocol collaboration in addressing security breaches. The outcome of MIP-34 could set a precedent for future inter-protocol financial arrangements.
MantleCore Proposes 30,000 ETH Loan to Aave DAO Amid rsETH Exploit
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