Mantle proposes lending 30,000 ETH to Aave's $314M DeFi rescue fund for rsETH exploit recovery

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.