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Compound proposes 3,000 ETH for rsETH recovery as Avalanche and Renzo join DeFi United effort.

Compound has put forward a governance proposal to contribute up to 3,000 ETH toward the DeFi United-coordinated rsETH…

Compound has put forward a governance proposal to contribute up to 3,000 <a class="ticker-mention" href="/en-US/token/eth">ETH</a> toward the DeFi United-coordinated rsETH recovery effort. The final amount remains subject to governance approval and will depend on the conditions of the broader recovery plan.

The initiative is drawing wider coalition support: the Avalanche Foundation has signalled backing for the effort, while Renzo has already moved, supplying over $10 million in liquidity to Aave V3 stablecoin markets as part of the same recovery push.

The cross-protocol coordination is notable — Compound, Avalanche, and Renzo converging on a single recovery framework suggests DeFi United is gaining traction as a credible venue for handling systemic liquidity stress events.

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Aggregated from WuBlockchain · Verified · Last refreshed 27d ago
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Wu Blockchain
Wu Blockchain @WuBlockchain · 27d ago
Compound Proposes Up to 3,000 ETH for rsETH Recovery, Avalanche and Renzo Join DeFi United Effort Compound has proposed contributing up to 3,000 ETH to support the DeFi United-coordinated rsETH recovery effort, with the final amount subject to governance approval and recovery plan conditions. Separately, the Avalanche Foundation has expressed support for the initiative, while Renzo has supplied over $10 million in liquidity to the Aave V3 stablecoin markets as part of the recovery effort. https://t.co/1Uy7vqH0b2 & https://t.co/pfDiPVUZZt & https://t.co/UbPOyHutCV
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