Aave Announces 'DeFi United' Relief Fund to Restore rsETH Backing After Kelp Exploit
Aave organized a coordinated recovery effort after KelpDAO's LayerZero bridge exploit minted 116,500 unbacked rsETH, saying multiple indicative commitments were in place; Lido was the first public participant, proposing up to 2,500 stETH, roughly $5.7 million, for the fund.
Entities mentioned
- Rseth
- Aave
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