#AaveAnnouncesDeFiUnitedReliefFund :
$AAVE just announced the launch of “DeFi United” — a coordinated relief fund to help restore the backing of rsETH after the big Kelp DAO bridge exploit on April 18 that drained around $292 million.
The initiative, led by Aave founder Stani Kulechov, has already seen strong commitments: Stani personally pledged 5,000 $ETH , Mantle added 30,000 ETH, Lido is participating, and multiple other projects have joined. The fund has secured over $220 million in commitments so far (including frozen ETH on Arbitrum and Aave’s own insurance pool), with a public donation site now live.
The goal is to make affected users as whole as possible and limit bad debt spillover across DeFi lending markets, especially on Aave where unbacked rsETH was used as collateral.
It’s one of the fastest and most collaborative self-rescue efforts we’ve seen in DeFi after a major exploit. Whether it fully covers the shortfall or not, the speed and participation show the ecosystem is trying to handle this internally without waiting for external solutions.
The situation is still developing, but this kind of coordinated response is worth watching — it could set a precedent for future incidents.
#AaveProtocol #DeFiUnited #Enformer #defi
