The Crypto Beef
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Aave has raised about $160 million of the roughly $200 million it needs to cover bad debt from the KelpDAO exploit, the year’s largest DeFi exploit.
The DeFi United recovery effort, led by Aave service providers, aims to recapitalize and restore support for rsETH, the ether-based token at the center of the attack.
Major contributors including Mantle, Aave DAO and Aave founder Stani Kulechov have collectively pledged tens of thousands of ether to stabilize the platform and broader DeFi markets. #DeFi #KelpDAO
The DeFi United recovery effort, led by Aave service providers, aims to recapitalize and restore support for rsETH, the ether-based token at the center of the attack.
Major contributors including Mantle, Aave DAO and Aave founder Stani Kulechov have collectively pledged tens of thousands of ether to stabilize the platform and broader DeFi markets. #DeFi #KelpDAO
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