Aave leads DeFi recovery plan, receives over $300 million in support


Aave is spearheading the DeFi recovery effort following the Kelp DAO vulnerability, with support exceeding $300 million from major participants such as ConsenSys, Lido, EtherFi, and others, in the form of donations, deposits, and credit lines, pending governance approval. Meanwhile, Aave is seeking to unlock the frozen ETH on Arbitrum to compensate affected rSETH holders.
AAVE-0.23%
ETH0.06%
ARB-0.11%
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