The DeFi United rescue initiative, spearheaded by Aave, is ongoing. Arbitrum DAO has released 30,765 ETH that were frozen following the rsETH incident on April 18. To date, the designated donation address has accumulated a total of 100,360 ETH to address the collateral shortfall caused by the rsETH incident on April 18. This initiative aims to restore the backing assets of rsETH through multi-party collaboration, stabilize the market, and prevent the spread of cross-protocol defaults. Funds will be used to support collateral ratio recovery and work in tandem with relevant protocols to gradually normalize market conditions. Key committed or participating parties include: Arbitrum DAO’s release of 30,765 ETH frozen after the April 18 rsETH incident; Mantle’s planned contribution of 30,000 ETH; AaveDAO’s planned contribution of 25,000 ETH; Aave founder Stani Kulechov’s confirmed donation of 5,000 ETH; EtherFi’s planned contribution of 5,000 ETH; Lido’s planned contribution of 2,500 stETH; and Golem Foundation and related projects collectively contributing 1,000 ETH. Additionally, LayerZero, Ethena, Frax Finance, InkFoundat
DeFi United Rescue Effort Raises Over 100,360 ETH for rsETH Event Response
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Summary
DeFi United’s rescue effort has raised over 100,360 ETH to address the collateral shortfall from the rsETH event. The Arbitrum DAO has released 30,765 ETH, with major contributions from Mantle (30,000 ETH), AaveDAO (25,000 ETH), and others. ETH prices remain under close monitoring as the initiative aims to restore collateral ratios and stabilize the market. Key protocols are working to normalize conditions, with ETH analysis indicating ongoing volatility.
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