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Aave DAO Proposes 25,000 ETH Contribution for Rescue Efforts, Enhancing 'DeFi United' to Stabilize rsETH
On April 25, according to an official announcement, Aave service provider has submitted a governance proposal suggesting that Aave DAO contribute 25,000 ETH to participate in the ‘DeFi United’ joint rescue plan. The funds will be used to restore the peg support for rsETH, alleviate the current collateral shortfall, and promote the market’s quick return to normal operations. BlockBeats reported yesterday that on April 24, Marc Zeller, founder of the Aave ecosystem contribution organization Aave Chan Initiative (ACI), stated that instead of initiating donations, it would be better to implement the following plan: establish a deposit vault named ‘DeFi United ETH’; transfer Aave’s wETH income into this vault, with an annual yield cap set at 5%; tokenize and make the vault deposit certificates tradable, naming them ‘AaveETH’; and gradually repay the shortfall through interest and principal.