On April 26, the DeFi United ecological rescue initiative, led by Aave, continues to advance. The Arbitrum DAO has released 30,765 ETH that was frozen after the rsETH incident on April 18. Currently, the designated donation address has raised a total of 100,360 ETH to address the collateral asset gap caused by the rsETH incident. The plan aims to restore the backing assets of rsETH through multi-party collaboration, stabilize the market, and prevent the spread of bad debts across protocols. The funds will be used to support the restoration of collateral rates and to gradually normalize the market in conjunction with relevant protocols. Key contributors or participants currently include: Arbitrum DAO releasing 30,765 ETH frozen after the rsETH incident, Mantle proposing to contribute 30,000 ETH, Aave DAO proposing to contribute 25,000 ETH, Aave founder Stani Kulechov confirming a contribution of 5,000 ETH, EtherFi proposing to provide 5,000 ETH, Lido proposing to provide 2,500 stETH, and the Golem Foundation and related projects contributing a total of 1,000 ETH, among others. Additionally, LayerZero, Ethena, Frax Finance, and Ink Foundation have also confirmed their participation, although the specific amounts have not yet been disclosed. It is important to note that the progress of this rescue initiative still relies on several external key conditions, including KelpDAO's restoration of rsETH redemptions and the Arbitrum Security Council's release of frozen assets, resulting in uncertainty regarding the overall recovery time and effectiveness.
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