As the recovery process accelerates following the KelpDAO-related rsETH crisis, the project has made a crucial financial contribution. KelpDAO announced a contribution of 2,000 $ETH (worth approximately $4.5 million) as part of the “DeFi United” rescue initiative.
According to the announcement, this funding will be used as part of a recovery plan led by Aave and involving many ecosystem players. The primary purpose of the provided resources is to restore the rsETH peg and accelerate the return to normal operation of the system. KelpDAO stated that this contribution is a one-time investment and is intended to directly support the return of rsETH to its peg.
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Following the hack on April 18, the ‘DeFi United’ initiative was launched, creating a comprehensive recovery roadmap with key stakeholders such as Mantle, Consensys, Arbitrum, Lido Finance and LayerZero. This plan aims to recapitalize bridge vaults, restore oracle systems and close financing gaps in affected markets.
KelpDAO asserted in its statement that protecting rsETH investors is a priority, stating that “rsETH holders will not be left behind.” The 2,000 $ETH The contribution made would be a concrete demonstration of this commitment.
The project announced that the rsETH staking mechanism will gradually return to normal as funds become available, and that updates on the process will be shared with the community regularly.
*This is not investment advice.