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Kelp: Has fulfilled the revival fund donation commitment; rsETH reserve support will gradually be restored
Golden Finance reports that on May 1st, Kelp announced that it has fulfilled its donation commitment to the Recovery Fund. It stated that as donations from all parties led by Aave’s DeFi United are gradually received, the reserve support for rsETH will be progressively restored. Kelp made a one-time donation of 2,000 ETH from its treasury to DeFi United, aiming to restore the nominal exchange rate of rsETH and fully recover the system.
The recovery plan for rsETH includes funding the cross-chain lockbox, restoring oracle functions, and clearing deficits in affected markets.
Kelp expressed gratitude to the teams of partners involved in this recovery fund, including Mantle, Consensys, Arbitrum, ether.fi, Lido Finance, LayerZero, and Compound, and promised to keep the community updated on progress.