Who’s pledging to Aave’s $300 million DeFi recovery effort after massive Kelp DAO exploit

A broad industry coalition, dubbed "DeFi United," has committed approximately $303 million to aid Aave users affected by the Kelp DAO exploit. This coordinated response, one of the largest for a DeFi incident, involves capital and credit commitments from various protocols and entities. Aave itself plans to allocate up to 250,000 ETH, with founder Stani Kulechov personally donating 5,000 ETH. Other significant contributors include Consensys and Joseph Lubin with up to 30,000 ETH, Lido with 2,500 stETH, EtherFi with a 5,000 ETH plan, Mantle with a 30,000 ETH credit facility, and Compound with up to 3,000 ETH. Additional support comes from deposits and token purchases by entities like Babylon Foundation, Renzo, Circle Ventures, Avalanche Foundation, and Solana Foundation. Aave Labs is also seeking Arbitrum governance approval to release immobilized ETH for the remediation effort, aiming to make affected rsETH holders whole and restore rsETH backing. The widespread participation highlights the significant impact of the exploit across the DeFi ecosystem.

(Source：CoinDesk)