Aave-Linked DeFi United Details rsETH Recovery Plan
Cointelegraph
DeFi United has outlined a technical strategy to restore rsETH backing following a $293 million bridge exploit involving Kelp.Summary
The Aave-linked group DeFi United has released a technical implementation plan to restore rsETH backing after an April 18 exploit resulted in the unauthorized release of 116,500 rsETH. The strategy involves converting committed Ether into rsETH to replenish the bridge lockbox and liquidating attacker-linked positions on Aave and Compound to recover collateral. The process relies on governance approvals, temporary oracle adjustments, and the coordination of multiple DeFi protocols. Supported by major figures including Joe Lubin and platforms like Arbitrum, DeFi United has secured over $300 million in commitments to resolve the market impairments caused by the incident.
(Source：Cointelegraph)