Aave launches a 10 billion dollar recovery fund to restore full asset backing for rsETH.

CoinFeed reported on April 26th that Aave officially announced the establishment of a dedicated recovery fund (DeFi United) in conjunction with its ecosystem partners and service providers. The core objective is to restore rsETH to 100% asset backing, completely resolving the bad debt crisis caused by the KelpDAO cross-chain vulnerability. This plan has been integrated with Aave DAO (including the Arbitrum chain) governance voting, protocol details, and the entire implementation process. Technically, Aave has reached a consensus with KelpDAO and LayerZero, clarifying the technical path of the recovery plan and advancing its development. The current priority is to protect the rights of affected users and stabilize the DeFi ecosystem.