coin-img-BTCBTC-0.54%coin-img-ETHETH-0.01%coin-img-SOLSOL+0.83%coin-img-BLENDBLEND+18.80%coin-img-HOGRUNHOGRUN-28.52%coin-img-SMARTTOOLSSMARTTOOLS-21.60%coin-img-USDCUSDC+0.00%coin-img-XRPXRP+0.05%coin-img-BTCBTC-0.54%coin-img-ETHETH-0.01%coin-img-SOLSOL+0.83%coin-img-BLENDBLEND+18.80%coin-img-HOGRUNHOGRUN-28.52%coin-img-SMARTTOOLSSMARTTOOLS-21.60%coin-img-USDCUSDC+0.00%coin-img-XRPXRP+0.05%coin-img-BTCBTC-0.54%coin-img-ETHETH-0.01%coin-img-SOLSOL+0.83%coin-img-BLENDBLEND+18.80%coin-img-HOGRUNHOGRUN-28.52%coin-img-SMARTTOOLSSMARTTOOLS-21.60%coin-img-USDCUSDC+0.00%coin-img-XRPXRP+0.05%coin-img-BTCBTC-0.54%coin-img-ETHETH-0.01%coin-img-SOLSOL+0.83%coin-img-BLENDBLEND+18.80%coin-img-HOGRUNHOGRUN-28.52%coin-img-SMARTTOOLSSMARTTOOLS-21.60%coin-img-USDCUSDC+0.00%coin-img-XRPXRP+0.05%

Aave DAO weighs 25,000 ETH contribution to "DeFi United" rsETH rescue plan

BlockBeats reported that on April 25, Aave's service provider filed a governance proposal urging the Aave DAO to commit 25,000 ETH to the "DeFi United" coordinated rescue initiative. The capital would be used to restore rsETH's peg, address the current collateral shortfall, and support a swift return to normal market functioning. BlockBeats also noted that on April 24, Marc Zeller, founder of the Aave Chan Initiative (ACI), outlined an alternative to a donation drive. The proposal calls for creating a deposit vault dubbed "DeFi United ETH", directing Aave's wETH revenue into the vault with an annual yield cap of 5%, tokenizing deposit receipts for trading under the name "AaveETH", and repaying the deficit over time through interest and principal.
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AAVE+0.60%
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ETH-0.03%
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