Aave Says Consensys, Joseph Lubin to Support KelpDAO Recovery With Up to 30,000 ETH

Source
Minseung Kang

Summary

  • Aave said cooperation to restore rsETH collateral damaged in the KelpDAO incident is expanding.
  • Aave said Consensys and Joseph Lubin had joined DeFi United and would provide up to 30,000 Ether (ETH).
  • Aave said support from participating institutions is playing a key role in restoring rsETH collateral and stabilizing the market.

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Photo: Screenshot from Aave's X account
Photo: Screenshot from Aave's X account

Aave said support is expanding for efforts to restore rsETH collateral damaged in the KelpDAO incident.

On April 27, Aave wrote on X that Consensys and Ethereum core contributor Joseph Lubin had joined DeFi United and would provide up to 30,000 Ether.

Sharplink is also participating in the recovery effort in a strategic advisory role.

Support from participating institutions is playing a key role in restoring rsETH collateral and stabilizing the market, Aave added.

Minseung Kang

Minseung Kang

minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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