Paxos-issued stablecoin USDG has launched natively on Mantle, with the Ethereum layer-2 network joining the Global Dollar Network as a partner. Mantle will receive a share of revenue generated from USDG usage on its network.
Aave governance proposed contributing 25,000 ETH to the DeFi United coalition working to cover losses from the $292 million Kelp DAO exploit. Multiple protocols and individuals have collectively pledged enough to cover the shortfall, with Mantle proposing a 30,000 ETH loan.
Mantle, EtherFi Foundation, Golem Foundation, Lido DAO, Ethena, LayerZero, Ink Foundation and Tyrdo pledged combined 43,000 ETH to 'DeFi United' recovery effort to restore rsETH backing following the $292 million Kelp DAO exploit.
