Aave
Aave-backed DeFi United raises $320M – Can it restore rsETH backing?
Aave's recovery plan converts ETH into rsETH, restoring collateral and resuming secure bridge operations.
Aave Outlines Steps to Rebuild rsETH Collateral
Recovered tokens will be sent to a DeFi United multisig wallet, redeemed for ETH, and used to cover the shortfall across affected markets.
A crypto coalition releases technical proposal to save Aave users from a massive token exploit
DeFi United, a coalition of multiple blockchain projects and crypto ecosystem individuals, has laid out a detailed plan to restore the backing of rsETH after this month's Kelp DAO hack sent shockwaves through lending markets.
Aave Releases Technical Plan to Restore rsETH Backing as Defi United's Coalition Expands
Aave founder Stani Kulechov published a technical implementation plan on Tuesday to restore rsETH backing across affected protocols, with execution sequences set to begin within days. Key Takeaways: The recovery runs two parallel tracks, i.e., restoring rsETH's nominal 1.07 ETH backing ratio through tranched ETH deposits, and clearing eight Aave positions.
Industry leaders are pouring hundreds of millions into a rescue plan for Aave users after massive crypto hack
The response to the DeFi recovery fund has quickly extended beyond Aave, and in some cases began with direct outreach.
AAVE Rebounds After Sharp Selloff — Can Bulls Power Through $110?
AAVE successfully defends the demand zone between $90 and $95, halting bearish pressure following a recent massive sell-off in the DeFi market. The strategic expansion to the Solana network via Sunrise seeks to diversify liquidity and attract a broader, more active user base.
Circle Ventures Buys AAVE to Back DeFi Rescue Effort After Kelp DAO Exploit
The week begins with news of massive support for the coordinated rescue initiative known as DeFi United, following the commitment of Circle Ventures, Consensys, and Ethereum co-founder Joseph Lubin.
Curve founder pitches market-based fix for $700K bad debt in contrast to Aave bailout
The plan allows trapped lenders to sell tokenized claims on deposits, offering buyers an option-like bet on CRV's recovery.
Circle quietly plugs Aave's hole as DeFi's Kelp shock tests USDC strategy
Circle Ventures snaps up AAVE days after a $293M KelpDAO exploit, shoring up Aave's bad‑debt shock while Washington weighs a landmark US stablecoin bill.
Aave recovery effort nears $161M — but not all contributions are donations
Aave's $161M recovery fund includes donations, loans, and liquidity support — but not all contributions absorb losses.
Circle Ventures Strengthens AAVE Support Amid DeFi United's rsETH Recovery Initiative
Circle Ventures has stepped forward with strategic AAVE token purchases as DeFi United broadens its rsETH rehabilitation campaign following the devastating April 18 cross-chain bridge attack. This institutional commitment brings additional credibility to Aave-focused restoration strategies while reinforcing the broader mission to rebuild rsETH collateral infrastructure and stabilize pressured decentralized finance platforms.
Babylon Commits $3 Million to Aave in Fresh Push to Stabilize DeFi Markets
Babylon Foundation committed $3 million in USDT to the Aave protocol to strengthen liquidity within the DeFi ecosystem, responding to the instability that followed the shock triggered by the KelpDao exploit and the rsETH token across major decentralized lending platforms.
