Aave and Partner Protocols Propose Arbitrum DAO to Release Frozen ETH Aave, in collaboration with etherfi, Kelp DAO, LayerZero, Compound, and others, has submitted a governance proposal to the Arbitrum DAO requesting the release of ETH frozen by the Arbitrum Security Council…
Aave and Partner Protocols Propose Arbitrum DAO to Release Frozen ETH Aave, in collaboration with etherfi, Kelp DAO, LayerZero, Compound, and others, has submitted a governance proposal to the Arbitrum DAO requesting the release of ETH frozen by the Arbitrum Security Council following the April 18 rsETH incident. If approved, the funds will be directed to “DeFi United,” a coordinated cross-protocol recovery initiative aimed at restoring rsETH backing and remediating losses for affected users.
The proposal is currently open for review and feedback from the Arbitrum community. — link