Lido plans to contribute up to 2,500 stETH to participate in Aave rescue: teaming up to curb rsETH risk spillover

BlockBeats News, April 24 — Lido Finance submitted a proposal on the governance forum to provide a one-time injection of up to 2,500 stETH into the Aave-led rsETH rescue plan, aimed at covering collateral shortfalls, reducing risks, and spilling over into the DeFi ecosystem.

This proposal is being advanced in conjunction with the “DeFi United” joint action, contingent upon the completion of funding coverage for the overall rescue plan, with the goal of stabilizing the market and enabling orderly resolution for affected users.

STETH-0.34%
AAVE2.02%
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