TechFlow reports that on April 26, Aave announced the establishment of a Recovery Fund by its ecosystem partners and service providers to restore full asset backing for rsETH. This initiative takes into account the pending Aave DAO governance vote (including the Arbitrum governance vote), indicative protocols, and subsequent successful execution.
Aave stated it has reached agreement with KelpDAO and LayerZero on the technical steps required to implement the recovery plan, and related work is underway. Addressing affected users’ concerns and maintaining broader DeFi ecosystem stability are currently top priorities. The final recovery plan, user instructions, and further updates will be released shortly.
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