LayerZero commits 10,000 ETH to DeFi United effort
The Block
LayerZero has pledged 10,000 ETH to the DeFi United initiative to support recovery efforts following the $292 million Kelp DAO exploit.Summary
LayerZero has committed 10,000 ETH to the DeFi United recovery initiative, which aims to restore rsETH backing after a $292 million exploit at Kelp DAO. The contribution includes 5,000 ETH directly to the initiative and 5,000 ETH to strengthen liquidity on Aave. This effort follows a sophisticated RPC-poisoning attack on LayerZero's infrastructure that created significant bad debt across DeFi protocols. The industry-wide initiative has successfully raised over $300 million to stabilize the ecosystem.
(Source：The Block)