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Aave sets up a recovery fund to fully redeem rsETH, jointly with KelpDAO and LayerZero launching an execution plan

2026-07-15 07:18:48

Abstract generation in progress

ME News: On April 26 (UTC+8), Aave announced that ecosystem partners and service providers will set up a recovery fund to fully restore rsETH’s asset backing. The plan has taken into account the governance votes of the Aave DAO to be passed (including the Arbitrum governance vote), the protocol’s indicative guidance, and the successful execution afterward. Aave said it has reached agreement with KelpDAO and LayerZero on the technical steps required to execute the recovery plan. Related work is underway. Addressing issues faced by affected users and maintaining broader DeFi ecosystem stability are the top priorities right now. The final recovery plan, user action steps, and further updates will be released soon. (Source: ODAILY)

AAVE2.24%

ZRO0.63%

ARB-0.41%

View Original

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