DeFi United has published a structured plan to restore rsETH backing following a bridge incident on April 18 that caused 116,500 rsETH to be abnormally released from the Ethereum-side adapter. The recovery involves using committed ETH funding to refill the affected lockbox.
A temporary oracle price adjustment for rsETH will be pushed through governance to clear positions linked to the exploiter on both Aave and Compound — a targeted mechanism to unwind bad debt without triggering broader liquidation cascades.
WETH and rsETH markets across multiple chains remain frozen in the interim. Normal operations are contingent on the plan executing as described.
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Aave: DeFi United Releases Plan to Restore KelpDAO rsETH Backing
According to Aave, DeFi United released a plan to restore KelpDAO rsETH backing after the April 18 bridge incident, which caused 116,500 rsETH to be abnormally released from the Ethereum-side adapter.
The plan will use committed ETH funding to refill the affected lockbox and temporarily adjust the rsETH oracle price through governance to clear exploiter-related positions on Aave and Compound.
WETH and rsETH markets across multiple chains will remain frozen until normal operations resume.
Source: https://t.co/buHMYlJk0W
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