Eight Crypto Protocols Pledge to Donate 43,000 ETH to Restore rsETH Collateral

BroadChain News, April 24, 14:30, according to Cointelegraph, eight crypto protocols including Mantle, EtherFi Foundation, Golem Foundation, Lido DAO, Ethena, LayerZero, Ink Foundation, and Tyrdo have jointly pledged to donate a total of 43,000 ETH to the "DeFi United" recovery plan, aiming to fill the collateral gap of rsETH.

This move stems from a recent decline in the rsETH collateral ratio due to market volatility, with each protocol injecting liquidity to stabilize asset values. The action may help restore investor confidence in DeFi collateral assets and alleviate systemic risks associated with related protocols.