Aave proposal to allocate 25,000 ETH to participate in "DeFi Alliance Rescue," with a current rsETH shortfall of 75,000.

📄Full Article· Automatically extracted by trafilaturaGemini 翻譯1518 words

Aave service provider TokenLogic has submitted a governance proposal suggesting that the DAO allocate 25,000 ETH from its treasury to join the cross-protocol "DeFi United" joint rescue initiative, aimed at restoring the rsETH peg and filling the collateral gap. Following the $292 million theft by North Korean Lazarus hackers on April 18, KelpDAO has recovered more than half of the original 163,183 ETH deficit, with approximately 75,081 ETH still remaining. (Previous coverage: Aave official estimates two versions of bad debt handling: full-chain distribution results in a $124 million loss, while L2 isolation results in a $230 million loss) (Background: A comprehensive review of the KelpDAO incident: Why did Aave, which wasn't breached, fall into crisis?) Exactly one week after the $292 million KelpDAO cross-chain bridge theft, the DeFi community has finally stopped "blame-shifting" and started pooling funds. On April 24, TokenLogic submitted an ARFC proposal to the Aave governance forum, suggesting that the DAO treasury allocate 25,000 ETH to join the "DeFi United" joint rescue operation composed of multiple protocols. This is the largest cross-protocol capital mobilization since the rsETH incident. The 120,000 ETH Funding Puzzle After the attack on April 18, KelpDAO faced a funding gap of approximately 163,183 ETH. The attack involved North Korean Lazarus hackers compromising the RPC nodes of the LayerZero cross-chain bridge to forge non-existent cross-chain transactions, minting approximately 150,000 unsecured rsETH out of thin air, which drained Aave's pockets. Over the past week, multi-channel recovery efforts have retrieved approximately 87,955 ETH (about 54%), including 43,168 ETH frozen by Kelp, 30,766 ETH frozen by the Arbitrum Security Council, and approximately 14,168 WETH recovered by Aave and Compound through liquidating the attacker's positions. The remaining gap of approximately 75,081 ETH is what "DeFi United" aims to fill. The current list of protocols willing to contribute is as follows: - Aave DAO: 25,000 ETH (this proposal) - Mantle: 30,000 ETH credit line - Aave founder Stani Kulechov personal pledge: 5,000 ETH - Lido: 2,500 stETH (approx. $5.7 million) - EtherFi, Ethena, Ink Foundation, BGD Labs, and others: total approx. 14,570 ETH Combined with the recovered portion, the total funding is close to 157,000 ETH, which theoretically covers the original gap. Protocols that are usually competitors in DeFi have voluntarily formed a coalition to contribute funds because the rsETH gap is not just Kelp's problem; the bad debt on Aave ultimately represents a loss for all depositors. Mantle's 30,000 ETH is not a free gift The 30,000 ETH loan proposed by Mantle is the largest single commitment, but the conditions are significant. In addition to a LIDO + 1% annual interest rate and a maximum repayment period of 36 months, Aave is required to provide 130,000 AAVE tokens in governance delegation rights in exchange. Simply put, an L2 network will gain voting rights in the largest DeFi lending protocol. Mantle's own proposal does not shy away from this, stating directly, "We are turning someone else's crisis into a strategic financial and partnership victory for ourselves," which can be seen as an alternative form of opportunistic exploitation. The proposal is currently in the community feedback stage. If consensus is reached, it will proceed to a Snapshot vote and eventually be upgraded to an AIP for formal execution. There is not only support within the community; some members have questioned whether Aave is bearing a disproportionate burden, while others argue that listing rsETH on Aave with a 93% LTV was a result of overly loose risk control parameters. Is this 25,000 ETH ultimately a "donation" or a "lifeline loan"? The proposal describes it as a "voluntary donation," but it also includes a mechanism for revenue sharing to facilitate repayment.

Data Status✓ Full text extractedRead Original (動區 BlockTempo)

🔍Historical Similar Events· Keyword + Asset Matching6 items

2026-04-24

Aave Founder Stani Kulechov Pledges 5,000 ETH to DeFi United as Mantle Network Adds 30,000 ETH Backstop

Similarity 380%標的 ETH關鍵字 defi/aave/eth

2026-04-24

Aave Leads ‘DeFi United’ Push to Contain $292M KelpDAO Fallout

Similarity 330%標的 ETH關鍵字 defi/aave

2026-04-24

Crypto protocols pledge 43K ETH to restore rsETH backing

Similarity 330%標的 ETH關鍵字 rseth/eth

2026-04-20