DeFi United push hits $300M as Consensys and Joseph Lubin contribute 30,000 ETH
The Block
DeFi United has raised over $300 million to cover losses from the Kelp DAO exploit, with Consensys and Joseph Lubin contributing 30,000 ETH.Summary
The DeFi United initiative has successfully raised over $300 million (132K ETH) to address the financial shortfall resulting from the Kelp DAO exploit. Recent significant contributions include those from Circle Ventures, Consensys, and Ethereum co-founder Joseph Lubin, who collectively pledged 30,000 ETH. This effort aims to restore rsETH backing and stabilize market conditions after an attacker minted unbacked rsETH via a compromised LayerZero bridge and used it as collateral on Aave, leading to bad debt for the protocol. Previous contributions came from Aave service providers (25,000 ETH), Lido DAO (2,500 ETH), Ether.fi (5,000 ETH), and Kelp (2,000 ETH), alongside numerous individual donations.
(Source：The Block)