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Aave Coordinates 'DeFi United' Initiative, Total Deposits Decrease by 37%
On April 24, according to on-chain analyst Yu Jin, the establishment of ‘DeFi United’ by Aave to facilitate recovery efforts has shown significant results after securing a loan of 30,000 ETH and receiving donations of 13,500 ETH. It appears that confidence has been restored, as there has been no further outflow of funds from Aave in recent hours. The total deposits on Aave now stand at $28.6 billion, a decrease of $17.2 billion compared to before the rsETH incident. If the outflow of funds does not continue, the rsETH incident will have resulted in a 37% loss of funds for Aave.