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Mantle Proposes 30,000 ETH Loan to Aave After $292M Kelp Exploit
Mantle published proposal MIP-34 to lend up to 30,000 ETH to Aave DAO after the $292 million Kelp DAO exploit left rsETH bad debt on Aave V3. The draft facility would run up to 36 months and would require at least $11 million in Aave token collateral plus 5% of Aave revenue.