Aave proposes 25,000 ETH for DeFi United after Kelp DAO exploit

Aave service providers proposed sending 25,000 ETH, worth nearly $58 million, from the protocol DAO to DeFi United to help restore rsETH backing after last week’s Kelp DAO exploit. Mantle separately proposed a low-interest credit facility of up to 30,000 ETH, and DCF GOD estimated the shortfall is covered if all proposals pass.

ETH-0.63%
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