The DeFi United initiative, led by Aave, has successfully raised over 100,360 ETH to address the collateral shortfall from the rsETH incident on April 18. Arbitrum DAO has released 30,765 ETH that were previously frozen, contributing significantly to the effort. The initiative aims to restore rsETH's backing assets, stabilize the market, and prevent cross-protocol defaults.
Key contributions include Mantle's planned 30,000 ETH, AaveDAO's 25,000 ETH, and Aave founder Stani Kulechov's 5,000 ETH donation. Other notable pledges include EtherFi's 5,000 ETH, Lido's 2,500 stETH, and a collective 1,000 ETH from Golem Foundation and related projects. The funds will support collateral ratio recovery and work with relevant protocols to normalize market conditions.
DeFi United Raises Over 100,360 ETH for rsETH Incident Recovery
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