Apr 28, 2026
DeFi United Coalition Releases Technical Proposal to Restore rsETH Backing After Kelp DAO Exploit
A coalition of DeFi protocols including Aave, Compound, and others unveiled a detailed technical plan to eliminate bad debt and restore full backing for exploited rsETH tokens following the $290 million Kelp DAO hack, with pledges totaling over $300 million in recovery funds.
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