The DeFi United coalition crossed its rsETH backing target after a flood of weekend commitments from across the Ethereum, Solana, TRON, Avalanche, and Bitcoin ecosystems.

The Aave DAO is voting on a proposal to provide funding to restore Kelp DAO's rsETH product backing after an April 18 bridge incident, as part of a broader DeFi United ecosystem recovery effort.

Bybit CEO Ben Zhou pledged his support for Mantle's 30,000 ETH loan proposal.

Lido is the first service provider to publicly announce its participation in the relief fund via a governance proposal requesting up to 2,500 stETH.

Aave TVL has dropped by $10B since the Kelp attackers used the protocol to borrow $190 million in WETH, depositing unbacked rsETH.

After attackers deposited rsETH from an exploited Kelp bridge and borrowed Wrapped ETH, Aave had frozen WETH across multiple markets.

In a detailed incident report, Aave service providers quantified the protocol's exposure for the first time and outlined two scenarios depending on how Kelp DAO allocates the loss. LayerZero and Kelp continue to blame each other for the compromised bridge configuration.

The platform's new Earn feature lets its thousands of institutional clients deposit their stablecoin to DeFi's top lending protocols directly on Fireblocks.

'Aave Will Win' passed with 75% support, awarding Aave Labs a $25 million stablecoin grant and 75,000 AAVE in exchange for directing 100% of product revenue to the DAO treasury.

The AAVE token has lost roughly 75% of its value since its most recent peak in August 2025.