Mantle Proposes 30,000 ETH Loan to Aave After $292M Kelp Exploit

robot
Abstract generation in progress

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.

MNT0.76%
ETH-0.58%
AAVE0.68%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin