Mantle Proposes 30,000 ETH Loan to Help Aave Cover Bad Debt

DeFi Protocols Unite to Cover 97% of Aave’s $292M Exploit Loss

A major crypto exploit shook the market just days ago. Billions in liquidity froze. Fear spread quickly. But something unexpected followed. Instead of panic, DeFi protocols started working together.  刚清完AAVE，转头就见EF在2387OTC砸1万ETH…链上数据早显示合约主力在吸，他们倒好，专挑情绪高点反向喂食。2315这价格，我盯住2300撑不撑得住。 #ETH https://t.co/B9mlrmcinR— Rebecca A O'Neal (@BeckyAONeal) April 25, 2026 Now, the industry is close to covering almost all losses from the attack. The response has …

Mantle Proposes 30,000 ETH Loan to Aave DAO to Help Absorb KelpDAO Bad Debt

Mantle published proposal MIP-34 to grant a loan of up to 30,000 ETH to Aave DAO, aimed at absorbing the bad debt generated by the Kelp DAO exploit last week. The hack, valued at $292 million, affected the rsETH token and left Aave V3 exposed to a debt the protocol cannot cover on its own. According to the terms of the proposal, funds from Mantle’s treasury would be used exclusively to resolve that debt on Aave V3. The loan would carry an indica…

Mantle Proposes 30,000 ETH Loan to Aave DAO to Tackle Bad Debt

Mantle has proposed a 30,000 ETH loan to Aave DAO to help address bad debt. Here is what the proposal includes, why it matters, and what comes next.

Mantle Proposes 30,000 ETH Loan To Support Aave After

Mantle has introduced governance proposal MIP-34, aiming to extend up to 30,000 ETH as a structured loan to Aave DAO following the rsETH bridge exploit. The incident on April 18 disrupted looped restaking positions and triggered one of the most significant liquidity stress events across Aave V3 markets in 2026. Following the KelpDAO’s rsETH bridge exploit, Aave has faced around $292 million leveraged restaking losses. While not a direct loss to …

Mantle Proposes 30,000 ETH Loan To Aave DAO As Industry Mobilizes Coordinated Response To RsETH Exploit Fallout

Mantle has responded to the harmful aftermath of the April 18,2026 rsETH bridge exploit by submitting a proposal that will seek to provide Aave DAO with important liquidity support. Per the MIP-34 draft proposal, MantleCore will provide a loan of up to 30,000 ETH from Mantle Treasury to Aave. Following this week's rsETH incident involving @KelpDAO and @LayerZero_Core, a proposal has been put forward for Mantle to contribute a loan facility to @…

Mantle proposes 30,000 ETH loan to help Aave cover bad debt

Mantle proposes lending up to 30,000 ETH to Aave DAO to address rsETH bad debt from the $292M Kelp exploit.