Who’s Pledging to Aave’s $300 Million DeFi Recovery Effort After Massive Kelp DAO Exploit

Who’s pledging to Aave’s $300 million DeFi recovery effort after massive Kelp DAO exploit

The response to the DeFi recovery fund has quickly extended beyond Aave, and in some cases began with direct outreach.

LayerZero Provides $23M Support to AAVE

LayerZero donated 23M$ (10K ETH) to DeFi United after the Kelp DAO heist. Strengthening AAVE liquidity. The sector is recovering after the TVL drop. AAVE price $97.01, S1 $95.57 strong support. Det...

DeFi United Tops $300 Million as Consensys and Joseph Lubin Add 30,000 ETH to Kelp Recovery

DeFi United has now raised more than 132,000 ETH, worth over $300 million, for the rsETH recovery effort. Consensys and Ethereum co-founder Joseph Lubin committed 30,000 ETH, one of the largest contributions so far. The DeFi recovery effort built around the Kelp DAO fallout has crossed another line, and this one is hard to miss. DeFi United, the coordinated response formed after the recent rsETH exploit, has now amassed more than 132,000 ETH, wo…

Who’s pledging to Aave’s $300 million DeFi recovery effort after massive Kelp DAO exploit - Technology Shout

In the often fractured world of decentralized finance, crises tend to expose fault lines. This time, they also displayed an unusual level of coordination. Aave, one of the largest lending protocols in DeFi, is at the center of an extensive recovery effort after suffering losses due to the Kelp DAO exploit, attracting capital and credit commitments from across the industry. The project, informally known as “DeFi United,” has raised about $303 mil…

Aave Recovery Push Strengthens as Ethereum Giants Back rsETH

Aave V3 experienced a sharp contraction in available liquidity, losing approximately $4 billion within a 29-hour window following a security breach tied to the Kelp DAO rsETH bridge. The incident triggered widespread volatility across decentralized finance markets, highlighting ongoing risks associated with cross-chain bridge infrastructure. The disruption was further intensified by extreme utilization levels in key assets. Wrapped Ether liquidi…