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Aave DAO plans to contribute 25k ETH to participate in the rescue, increasing support for "DeFi United" to restore rsETH's peg
BlockBeats News, April 25th, according to an official announcement, the Aave service provider has submitted a governance proposal, recommending that Aave DAO allocate 25,000 ETH to participate in the “DeFi United” joint rescue plan. The funds will be used to restore rsETH peg support, alleviate the current collateral shortfall, and promote the market to return to normal operation as soon as possible.
BlockBeats reported yesterday that on April 24th, Marc Zeller, founder of the Aave ecosystem contribution organization Aave Chan Initiative (ACI), stated that instead of initiating donations, it would be better to adopt the following plan: establish a deposit vault called “DeFi United ETH”; transfer Aave’s wETH income into this vault, with an annual yield cap set at 5%; tokenize the vault deposit receipts into tradable tokens named “AaveETH”; and gradually repay the shortfall through interest and principal.