DeFi United Latest Developments: Mantle Lending Proposal Enters Governance Voting, Raised $314 Million in ETH

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ChainCatcher News: Mantle Network officially announced that the proposal for the rsETH rescue coordination initiative loan facility, launched to Aave, has officially entered the governance voting stage.

According to the proposal, Mantle will provide a loan to Aave’s rescue operation to help users orderly exit or resolve related positions. Users currently holding MNT tokens need to complete delegation on the Snapshot platform first in order to participate in the vote.

Aave founder Stani said that DeFi United is the largest-scale DAO coordination he has participated in; at least 6 different DAOs have submitted governance proposals (Arbitrum, Aave, EtherFi, Lido, Compound, and Mantle). He thanked everyone who provided help and took part.

At present, the DeFi United ecosystem rescue initiative led by Aave continues to move forward, aimed at addressing the collateral asset shortfall caused by the rsETH incident on April 18. The designated donation address has cumulatively raised 1,137,714.633 ETH, worth $314.57 million.

MNT-0.18%
ETH0.21%
AAVE0.29%
ARB-2.21%
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