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Avalanche Foundation: Supporting DeFi United to restore rsETH collateral support
Odaily Planet Daily reports that the Avalanche Foundation posted on the X platform stating that the Avalanche Foundation supports DeFi United. This is an coordinated effort aimed at restoring rsETH collateral support following the incident on April 18. DeFi is currently undergoing public stress testing, with transparent accounting and real accountability, whereas traditional financial systems often take months or years to complete such repairs. The Avalanche Foundation expressed support for Aave and the broader DeFi ecosystem.