Summary
- Aave said DeFi United has announced a recovery plan for collateral tied to Ethereum-based rsETH.
- The plan is focused on restoring the damaged collateral structure caused by the Kelp DAO bridge incident and unwinding attacker-linked positions.
- WETH and rsETH markets across multiple chains will remain frozen until normal operations resume.
Forecast Trend Report by Period
The decentralized finance industry has laid out a detailed response following the Kelp DAO incident.
Aave wrote on X on April 28 that DeFi United, a joint response group formed to stabilize the DeFi lending market, has announced a recovery plan for collateral tied to rsETH, an Ethereum-based restaking token.
The plan is designed to restore the damaged collateral structure after the Kelp DAO bridge incident on April 18. At the time, about 116,500 rsETH were abnormally minted through an adapter on the Ethereum side, affecting the market.
The recovery plan calls for using pre-secured Ether to refill the damaged lockbox and temporarily adjusting the rsETH oracle price through governance. The aim is to unwind attacker-linked positions on Aave, Compound and other platforms.
WETH and rsETH markets across multiple chains will remain frozen until normal operations resume.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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