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🔥BULLISH

Aave steps up with 25,000 ETH pledge to cover Kelp DAO exploit losses!

Aave has proposed contributing 25,000 ETH to DeFi United, a collective effort to plug the hole left by the Kelp DAO…

Aave has proposed contributing 25,000 <a class="ticker-mention" href="/en-US/token/eth">ETH</a> to DeFi United, a collective effort to plug the hole left by the Kelp DAO exploit. The move comes as protocols and individual DeFi users have together pledged enough to fully cover the losses — a rare show of coordinated sector-wide solidarity.

The scale of the community response matters as much as the dollar figure. When a major lending protocol like Aave puts treasury ETH on the line to backstop a peer protocol&#x27;s exploit losses, it signals that DeFi&#x27;s social layer is maturing alongside its technical one — shared risk, shared recovery.

For affected users, full coverage of losses is the headline. For the broader market, the precedent of coordinated DeFi mutual aid without a centralised backstop is the story worth watching.

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Aggregated from TheBlock · Verified · Last refreshed 19d ago
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