emile bahati

## **LayerZero Commits 10,000 ETH to DeFi United Recovery** On April 28, 2026, **LayerZero Labs** officially pledged over **10,000 ETH** (approx. **$23 million**) to the **DeFi United** initiative. This industry-wide effort was launched to stabilize the ecosystem following the **$292 million Kelp DAO exploit** on April 18. ### **Key Details of the Pledge** * **Direct Donation:** 5,000 ETH donated to the DeFi United recovery fund. * **Liquidity Boost:** 5,000 ETH deposited into **Aave** markets to strengthen overall liquidity. * **GHO Support:** Strategic efforts to deepen the liquidity of Aave’s native stablecoin, **GHO**. * **Safety Standards:** Collaboration with Aave to refine the design of **Omnichain Fungible Tokens (OFTs)** for lending markets. ### **The Context** The move follows criticism regarding a vulnerability in LayerZero’s **Decentralized Verifier Network (DVN)**, which was exploited via a sophisticated RPC-poisoning attack. By joining DeFi United—a collective including **Aave**, **Consensys**, and **Arbitrum DAO**—LayerZero aims to restore backing for **rsETH** and bolster trust in cross-chain DeFi infrastructure. > **Status:** This is a confirmed recovery initiative. Total funds raised by the DeFi United collective have now surpassed **$300 million** in ETH and stablecoins. $BTC $ETH $BNB #LayerZeroBacksDeFiUnitedWithOver10000ETH #CFTCWillUseAItoReviewCryptoRegistrations #BitMineIncreasesEthereumStaking #ArthurHayes’LatestSpeech #BinanceLaunchesGoldvs.BTCTradingCompetition