Mantle Network has moved its proposal to lend up to 30,000 ETH to Aave's DeFi United rsETH rescue initiative into a governance vote on Snapshot. This loan aims to support the recovery from the April 18 rsETH bridge exploit by providing structured credit to clear bad debt and collateral shortfalls. The DeFi United multi-DAO effort has raised over 1.13 million ETH (about $314 million) from various DAOs and protocols to restore healthy collateralization. If approved, the loan will run up to 36 months with floating yield terms, backed by Aave DAO's revenue and tokens, marking a significant coordinated DeFi intervention to aid affected users beyond simple liquidation.
Kelp DAO has completed the recovery of its rsETH token following a $293 million exploit in April 2026 linked to North Korea's Lazarus Group. The final batch of rsETH was transferred to the LayerZero OFT adapter, restoring full cross-chain bridge func...
Kelp DAO has finished the operational phase of its recovery plan for rsETH after a $293 million hack linked to North Korea’s Lazarus Group in April. The protocol restored token backing by transferring the final batch of rsETH and resumed normal minti...
Babylon Labs has submitted a proposal to Aave DAO to integrate native Bitcoin (BTC) as collateral on Aave V4 using Trustless Bitcoin Vaults, eliminating the need for bridges or custodians. This integration aims to utilize Aave's $5 billion supply of ...
Kelp DAO has finalized its recovery plan after a $292 million exploit that compromised rsETH tokens on its Ethereum bridge. The final batch of 20,373.72 rsETH was sent to the LayerZero OFT adapter, restoring normal operations including minting, redem...
Babylon Labs proposed an Aave V4 integration enabling borrowing against native Bitcoin collateral directly on the Bitcoin network, avoiding wrapped BTC, bridges, and custodians. The system uses Taproot-based vault scripts and introduces a non-transfe...
