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Aave announces the establishment of a recovery fund to promote RsETH full-asset-backed recovery
Mars Finance News: Aave announced that ecosystem partners and service providers will establish a recovery fund to help restore rsETH to full asset backing. The plan has been comprehensively considered alongside the upcoming Aave DAO governance voting (including the Arbitrum governance vote), the indicative protocol, and the successful outcome of subsequent execution. Aave said it has reached an agreement with KelpDAO and LayerZero on the technical steps required to carry out the recovery plan, and the related work is progressing. Addressing issues faced by affected users and maintaining the stability of the broader DeFi ecosystem are the top priorities. The final recovery plan, users’ operating steps, and further updates will be announced soon.