Aave-Linked DeFi United Unveils rsETH Recovery Plan After $293M Kelp Exploit

Aave-linked DeFi United published a technical plan to restore rsETH backing after the April 18 Kelp bridge exploit released 116,500 rsETH worth about $293 million without a corresponding burn on Unichain. The plan would convert committed ETH into rsETH in tranches, refill the affected bridge lockbox and use controlled liquidations of attacker-linked positions on Aave and Compound to recover collateral. As of Tuesday, DeFi United showed $302.26 million in raised or committed support, but execution still depends on DAO votes, finalized agreements and the attacker not disrupting the process.

AAVE-0.23%
ETH1.57%
COMP0.64%
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