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. DeFi United has proposed a coordinated plan to fix the fallout from a Kelp DAO exploit that created 116,500 unbacked rsETH, using Aave to help stabilize markets and recover funds. The plan involves restoring rsETH’s backing with fresh ETH while systematically unwinding bad…
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