DeFi United raises over $300 million in funding

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Odaily Planet Daily News: Circle Ventures, Consensys, and Joseph Lubin Announce Support for DeFi United Initiative, Aiming to Mitigate Losses Caused by Kelp DAO Vulnerability. Circle Ventures is supporting the ecosystem by purchasing AAVE tokens. Consensys and Ethereum co-founder Joseph Lubin have pledged 30k ETH to DeFi United. Currently, DeFi United has raised over 132k ETH, with a total value exceeding $300 million. The funds will be used to cover bad debt resulting from attackers minting uncollateralized rsETH via the LayerZero bridge and lending assets on Aave. Previously, Aave proposed donating 25k ETH, while Lido DAO, Ether.fi, and Kelp have respectively proposed or committed to donate 2,500 ETH, 5,000 ETH, and 2,000 ETH.

AAVE-0.66%
ETH-3.34%
ETHFI-4.54%
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