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🔥Aave Establishes rsETH Recovery Fund, Collaborates with KelpDAO and LayerZero to Advance Plan
On April 26, Aave announced that its service providers and ecosystem partners have established a recovery fund to handle funds recovery for the rsETH incident. The plan has been included in the pending DAO vote (including Arbitrum governance vote), an intent protocol, and subsequent execution, aiming to fully collateralize rsETH. Aave stated that it has reached technical agreement with KelpDAO and LayerZero, and related work is underway. The final plan and user operation steps will be announced soon.
#aave #arb