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Aave
@aave
The most trusted financial network. Earn, borrow, save, and swap.
Joined May 2017
60 Following    697.7K Followers
After discussions with several stakeholders, Aave service providers, @Ether_fi, @KelpDAO, @LayerZero_Core, @compound_xyz, and others have submitted a governance proposal to the @arbitrum DAO requesting the release of ETH frozen by the Arbitrum Security Council following the April 18 rsETH incident. If released, the funds will be directed into DeFi United, a coordinated cross-protocol recovery effort aimed at restoring rsETH backing and remediating impairment of rsETH for users. This contribution would meaningfully advance the path to resolution as others confirm their commitments. The proposal is open for review, and we welcome feedback from the Arbitrum community.
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