Latest Update from DeFi United: Mantle Lending Proposal Enters Governance Vote, $314.57 Million ETH Raised

On May 1, Mantle Network officially announced that the proposal for the rsETH relief coordination loan facility initiated to Aave has officially entered the governance voting phase. According to the proposal, Mantle will provide a loan to Aave’s relief action to assist users in orderly exiting or resolving related positions. Users holding MNT tokens must first complete delegation on the Snapshot platform to participate in the voting. Aave founder Stani commented that DeFi United is the largest DAO coordination he has participated in, with at least six different DAOs proposing governance plans (Arbitrum, Aave, EtherFi, Lido, Compound, and Mantle). He expressed gratitude to everyone who helped and participated. Currently, the DeFi United ecological relief action led by Aave is ongoing to address the collateral asset gap caused by the rsETH incident on April 18. The designated donation address has accumulated a total of 1,137,714.633 ETH, valued at $314.57 million.

MNT-0.04%
ETH0.66%
AAVE-1.39%
ARB-2.46%
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