Loading prices…
〽️NEUTRAL

Aave DAO Eyes 25,000 ETH Contribution to rsETH Bridge Recovery Fund

Aave DAO has put forward an ARFC proposal to contribute 25,000 ETH from its treasury toward the DeFi United recovery…

Aave DAO has put forward an ARFC proposal to contribute 25,000 ETH from its treasury toward the DeFi United recovery effort, triggered by the April 18, 2026 Kelp rsETH bridge incident.

The exploit initially created a shortfall of roughly 163,183 ETH. Asset freezes and anticipated recoveries have since narrowed that gap to approximately 75,081 ETH. Prior commitments include around 14,570 ETH in pledged contributions and a credit facility of up to 30,000 ETH from Mantle.

Under the proposal, Aave's 25,000 ETH would serve as a fixed allocation, with any surplus donations directed toward repaying Mantle's loan. The move signals coordinated DeFi-wide action to make affected users whole.

Related tokens
$ETH
Source attribution
Aggregated from WuBlockchain · Verified · Last refreshed 29d ago
Open original →
Original content
Wu Blockchain
Wu Blockchain @WuBlockchain · 31d ago
Aave DAO Proposes 25,000 ETH Contribution to rsETH Recovery Effort Aave DAO has published an ARFC proposal to join the DeFi United recovery effort following the April 18, 2026 Kelp rsETH bridge incident. The initial shortfall was about 163,183 ETH, reduced to approximately 75,081 ETH after asset freezes and expected recoveries. Around 14,570 ETH in committed contributions and a credit facility of up to 30,000 ETH from Mantle are already in place; the proposal seeks to allocate 25,000 ETH from the DAO treasury as a fixed contribution, with any additional donations used to repay Mantle’s loan. https://t.co/6Mv4Be9RWC
Aave DAO Proposes 25,000 ETH Contribution to rsETH Recovery Effort

Aave DAO has
8 10 65
View on X →