BroadChain News, April 26, 08:46 - Aave announced on April 26 that it has established a special recovery fund (DeFi United) in collaboration with ecosystem partners and service providers. The core goal is to restore rsETH to 100% asset collateralization, completely resolving the bad debt crisis triggered by the KelpDAO cross-chain vulnerability. This plan has been integrated into the full process of Aave DAO (including the Arbitrum chain) governance voting, protocol details, and implementation.
On the technical front, Aave has reached a consensus with KelpDAO and LayerZero, clarifying the technical path for the recovery plan and advancing development. The current priority is to protect the rights of affected users and stabilize the DeFi ecosystem. As of now, leading protocols such as Lido, ether.fi, and Ethena have joined the rescue, with funds exceeding 13,500 ETH (approximately $300 million).
Final recovery details, user operation guides, and key timelines will be officially announced soon.