rsETH milestone update: - Kelp unpaused rsETH enabling withdrawals for rsETH (bridging also enabled) - Aave unpaused rsETH across all relevant markets enabling rsETH withdrawals from Aave Last steps of the major recovery operation under way.

The Bank of England is finally backing away from its earlier proposal to restrict individuals from holding more than £20,000 in stablecoins. It is also reconsidering the requirement for issuers to hold 40% of reserve assets in zero-yield central bank accounts following industry backlash. This is a great example of our industry pushing for better outcomes. It’s also a significant acknowledgment from the Bank of England, which has historically been difficult to convince. The BoE also appears to recognize the growing competitive pressure from the US, which is exactly the kind of mindset needed to shape stronger and more forward-looking policy in the UK.

The latest market structure bill markup just dropped, and I want to highlight how important it is for DeFi. The Clarity Act is fundamental to giving DeFi developers the confidence to build in the US, backed by strong developer protections. If the US wants to lead in DeFi, the framework must preserve the ability to build and maintain decentralized protocols without imposing unworkable obligations on DeFi developers that are better suited for centralized models. If US succeeds, rest of the world will follow. The question of yield has always been largely irrelevant, in my humble opinion. Passage of the Clarity Act could create a similar tailwind for DeFi as the Genius Act did for stablecoins. That’s far more important than anything else: giving developers the clarity and confidence to build the future financial rails the world will rely on. I appreciate all the work the Senate Banking Committee members have done throughout this long process, and I encourage members to vote in favor of a bipartisan framework that developers can rely on. DeFi will win.

The attacker’s rsETH on Arbitrum has been burned. As the last step is to refill the rsETH bridge lockbox. Meanwhile withdrawals for rsETH into ETH will start within the next 24 hours to normalize the markets. The past few weeks, including weekends, have been incredibly intense. None of this would have been possible without the entire team working around the clock on this recovery effort. We're building a new level of resiliency and a post mortem will follow with new learnings.

📅📊 @aave April 2026 Report is out! Key metrics for April: • TVL: $36.67b • Active loans: $15.45b • Fees: $56.53m • Revenue: $7.80m • Monthly active users: 116.6k • Market share: 58.13% • GHO market cap: $532.35m Learn more 👇

Update on the rsETH recovery. Judge enabled the Arbitrum recovered funds to be moved to Aave LLC address. Next steps of the recovery starts by backing the rsETH bridge. ETH LTV moving back to normal. Aave never stops fighting for the users and for DeFi. DeFi United.

as an Arbitrum DAO delegate, i voted to release the frozen ETH into the rsETH recovery efforts in the Arbitrum DAO temp check. routing the frozen ETH toward remediation is the best path to reducing harm for affected users in the Arbitrum ecosystem and DeFi more broadly, even if there are more granular details to be ironed out in the final onchain vote. cool to see the Arbitrum community move swiftly on this vote with real consequences for real users.