Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
Recently, I came across a pretty shocking matter—DeFi ecosystems are carrying out an unprecedented large-scale rescue operation.
It started with a hack of Kelp DAO, which left the DeFi lending giant Aave facing a bad-debt black hole of more than $230 million. But even more worth focusing on is that this crisis somehow sparked unity across the entire crypto industry—from seasoned Ethereum veterans to major protocols—who have all stepped up.
I noticed that this rescue effort, known as “DeFi United,” has already raised more than 132,000 ETH, which at current prices is roughly about $300 million. How big is this figure? It’s enough to show how strongly the ecosystem supports Aave.
Most eye-catching are the actions taken by Consensys and its founder Joseph Lubin. They directly pledged to donate 30,000 ETH, which has become one of the largest single aid contributions so far. Circle Ventures also got involved, announcing that it would buy a large amount of AAVE tokens to absorb selling pressure in the market. Lubin also shared an interesting take, saying that the strongest moment for the Ethereum ecosystem is when everyone works together in unison.
Aave itself is also trying to save itself. The official DAO set aside 25,000 ETH as a reconstruction fund, and founder Stani Kulechov personally donated another 5,000. But this is only the beginning—Lido’s proposal includes 2,500 stETH, EtherFi is discussing providing 5,000 ETH in aid, Mantle is offering a 30,000-ETH quota, and Compound also plans to donate 3,000.
Interestingly, the forms of support from each side vary widely. The Babylon Foundation directly deposited $3 million USDT into Aave, Renzo allocated more than $10 million from its treasury, and the Avalanche and Solana foundations also made substantial investments. Even projects like Ethena, LayerZero, and Frax Finance joined in.
What does this large-scale ecosystem coordination show? An Aave Labs spokesperson put it plainly—these are deep relationships built up over many years. During the crisis, teams such as Consensys and Sharplink kept close contact, which is when the value of the ecosystem is truly revealed.
Of course, most aid still needs DAO voting before it can be officially released, but this cross-chain, cross-protocol mobilization already speaks volumes. Amid the stereotype that the crypto world operates in silos, it’s certainly worth paying attention to how the DeFi ecosystem can coordinate so cohesively. This is not only about rescuing Aave—it’s about safeguarding the entire ecosystem’s infrastructure.