Aave and Partners Push Arbitrum DAO to Release 30,765 ETH for rsETH Recovery Effort

TLDR: Aave and partners submitted a governance proposal asking Arbitrum DAO to release 30,765.67 frozen ETH. The April 18 rsETH exploit created a backing shortfall of approximately 76,127 rsETH across the protocol. Released ETH would go to a 2-of-3 Gnosis Safe controlled by Aave Labs, KelpDAO, and Certora signers. The full governance process spans roughly [...]

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