Mantle Community Backs 30,000 ETH Loan to Aave DAO to Cover rsETH Incident Losses

Mantle's community has passed Proposal MIP34, allowing the Mantle Treasury to extend a loan of up to 30,000 ETH to the Aave DAO to offset bad-debt losses on Aave V3 tied to the rsETH cross-chain bridge security incident on April 18, 2026. The loan carries a term of up to 36 months and an annual interest rate of LIDO + 1%. Aave may repay early without penalty. To reduce risk, Mantle will hold a first-priority security interest in the relevant collateral assets. Aave will also post additional collateral of at least $11 million in Aave tokens and protocol revenue, and will delegate 130,000 Aave tokens to Mantle for governance participation.