Mantle's MIP-34 Just Set a New Standard for DeFi Crisis Response

After the $292M Kelp exploit, Mantle Network proposed lending 30,000 $ETH to Aave DAO to cover the full bad debt.

- Interest: Lido APR + 1% premium
- Term: 36 months
- Collateral: $11M in AAVE tokens + protocol revenue

$ETH DeFi absorbed a $292M blow through a structured credit facility. No emergency fundraising. No shutdown.

This is DAO-to-DAO credit infrastructure. Mantle earns yield. Aave survives. The system holds.

Verdict: Bullish signal for $ETH long term.

#ETH #DeFi #Mantle #Aave #Ethereum

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