On April 26, Aave announced that its service providers and ecosystem partners have established a recovery fund to advance the financial recovery efforts related to the rsETH incident. This plan has been incorporated into pending DAO votes (including Arbitrum governance votes), intention agreements, and subsequent execution to restore the full collateralization of rsETH. Aave stated that it has reached an agreement with KelpDAO and LayerZero on the technical steps required to implement this plan, and related work is currently underway. The company emphasized that addressing the issues faced by affected users and the broader DeFi ecosystem is a top priority and expressed gratitude for the support from community members and partners. The final recovery plan, user action steps, and further updates will be announced soon.
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Aave Establishes Recovery Fund to Achieve Full Collateralization of rsETH
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