Aave DAO Proposes Significant ETH Contribution for Kelp DAO Recovery Efforts
Aave DAO Proposes Significant ETH Contribution for Kelp DAO Recovery Efforts
Aave DAO has put forth a proposal to allocate 25,000 ETH from its treasury to bolster a coordinated recovery initiative following the recent Kelp DAO exploit. This move is part of a larger 'DeFi United' effort aimed at restoring user funds and stabilizing affected lending markets.
Kelp DAO Hack: Aave DAO Proposes To Contribute 25,000 ETH To Recovery Efforts
Aave DAO has unveiled a proposal to deploy 25,000 ETH from its treasury to support a coordinated recovery effort following the recent Kelp DAO exploit. The move forms part of a broader “DeFi United” initiative aimed at restoring user funds and stabilizing affected lending markets. On April 18, KelpDAO suffered a major attack targeted at […]