Aave proposes 25,000 ETH contribution to DeFi United to plug Kelp DAO exploit hole
The Block
Aave has proposed a 25,000 ETH donation to the DeFi United relief effort to help cover losses from the recent Kelp DAO exploit.Summary
Aave service providers have submitted a governance proposal to contribute 25,000 ETH, valued at approximately $58 million, to DeFi United. This relief initiative aims to restore backing for rsETH following a significant exploit involving a compromised LayerZero bridge, which left Aave with substantial bad debt. The proposal joins other contributions from protocols like Lido DAO and Ether.fi, alongside personal donations from Aave's leadership. If all proposed contributions are approved, the collective effort is estimated to fully resolve the shortfall caused by the exploit.
(Source：The Block)