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Aave Releases rsETH Recovery Plan, DeFi United Raises Sufficient ETH

On April 28, Aave officially announced on social media the technical implementation plan for restoring support for rsETH. Aave stated that DeFi United has raised sufficient ETH, which will be deposited in batches into a cross-chain locking box to mint rsETH proportionally and fill the gap. This will ultimately ensure that rsETH is fully backed by the underlying ETH assets, allowing the cross-chain bridge to safely resume operations. In terms of specific steps, the oracle price of rsETH will be temporarily adjusted through governance proposals from Aave and Compound to trigger controlled liquidations. The recovered rsETH will be redeemed for ETH through Kelp's official process, filling the deficits in Aave and various chain markets. A similar operation will be conducted by Compound, with an expected recovery of approximately 16,776 ETH. All temporary configurations will be reverted to their original state immediately after completion.

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