AAVE releases recovery technical implementation plan supported by KelpDAO RSETH

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CoinWorld News reports that, according to AAVE’s announcement, the DeFi United ecosystem alliance has released a technical implementation plan to restore support for KelpDAO RSETH, in response to the cross-chain bridge security incident on April 18 that caused 116,500 RSETH to be unexpectedly released from the Ethereum side adapter.
The plan mainly includes two parts: first, using the committed ETH funds to gradually exchange for RSETH and transfer it into the affected staking contracts to restore RSETH collateral support; second, temporarily adjusting the RSETH oracle price through governance proposals to liquidate the attacker’s RSETH collateral positions on AAVE and Compound via controlled liquidation processes, and redeeming the recovered RSETH for ETH to cover related market gaps.
During this operation, WETH and RSETH markets across multiple chains will remain frozen until the security risk is eliminated and normal operations are restored.

AAVE1.71%
ETH-1.52%
COMP6.46%
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