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Latest progress of the DeFi United ecosystem relief effort: The designated donation address has currently raised over 100k ETH.
Golden Finance reports that on April 26, the DeFi United ecosystem rescue operation led by Aave continues to advance. Arbitrum DAO has released 30,765 ETH frozen after the April 18 rsETH incident. The designated donation address has now raised a total of 100,360 ETH to address the collateral shortfall caused by the April 18 rsETH event. The plan aims to restore rsETH-backed assets through multi-party collaboration, stabilize the market, and prevent cross-protocol bad debt from spreading. The funds will be used to support the recovery of the collateralization ratio and work with relevant protocols to gradually normalize the market.
Current main commitments or participants include: Arbitrum DAO releasing 30,765 ETH frozen after the April 18 rsETH incident, Mantle planning to contribute 30,000 ETH, Aave DAO planning to contribute 25,000 ETH, Aave founder Stani Kulechov has confirmed to provide 5,000 ETH, EtherFi plans to provide 5,000 ETH, Lido plans to provide 2,500 stETH, Golem Foundation and related projects totaling 1,000 ETH, among others. Additionally, LayerZero, Ethena, Frax Finance, Ink Foundation, and others have also confirmed participation, but specific amounts have not yet been disclosed.
It should be noted that this rescue progress still depends on several external key conditions, including KelpDAO restoring rsETH redemption, Arbitrum Security Council releasing frozen assets, etc. The overall recovery time and effectiveness remain uncertain.