Aave launches a 10 billion dollar recovery fund to restore full asset backing for rsETH.

PANews reported on April 26 that Aave officially announced the establishment of a dedicated recovery fund (DeFi United) in conjunction with its ecosystem partners and service providers. The core objective is to restore rsETH to 100% asset backing, completely resolving the bad debt crisis caused by the KelpDAO cross-chain vulnerability. This plan has been integrated with the entire process of Aave DAO (including the Arbitrum chain) governance voting, protocol details, and implementation.

On the technical front, Aave has reached a consensus with KelpDAO and LayerZero, clarifying the technical path of the recovery plan and advancing its development. The current priority is to protect the rights of affected users and stabilize the DeFi ecosystem. To date, leading protocols such as Lido, ether.fi, and Ethena have joined the rescue effort, with funds exceeding 13,500 ETH (approximately $300 million). Final recovery details, user operation guidelines, and key timelines will be officially announced soon.

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Author: PA一线

This content is for market information only and is not investment advice.

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