Ethereum (ETH) News Today

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Aave, Kelp, LayerZero Propose Releasing $71M in Frozen ETH to Support rsETH Recovery

Gate News message, April 26 — A coalition of major DeFi protocols led by Aave Labs, joined by Kelp DAO, LayerZero, EtherFi, and Compound, filed a Constitutional AIP on Saturday morning asking the Arbitrum DAO to release approximately $71 million in frozen ETH to support DeFi United, a cross-protocol
ETH2,21%
AAVE2,62%
ZRO2,01%
GateNews·6h ago

Aave, Kelp, LayerZero Seek $71M Frozen ETH Release from Arbitrum DAO

Aave Labs, Kelp DAO, LayerZero, EtherFi, and Compound filed a Constitutional AIP on the Arbitrum forum Saturday morning requesting the network's DAO release approximately $71 million in frozen ETH to support rsETH recovery efforts following last week's $292 million Kelp DAO exploit. The proposal
AAVE2,62%
ETH2,21%
ARB1,75%
STETH2,39%
CryptoFrontier·12h ago