Aave-Led Group Asks Arbitrum DAO to Release $71.3M Frozen ETH for rsETH Recovery

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Aave Labs and a coalition of DeFi protocols filed a Constitutional AIP asking Arbitrum DAO to release 30,765.67 ETH, worth about $71.3 million, to the DeFi United effort to restore rsETH backing. The proposal would route the frozen ETH to a 2-of-3 Gnosis Safe co-signed by Aave, Kelp DAO, and Certora. The filing estimates a roughly 49-day governance process, and delegates quickly pushed for a faster route.

ETH0,24%
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