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April 24: Following the rsETH security incident, Aave faces a funding shortfall of ~68,900 ETH ($160M) — a gap stemming from the hacker borrowing 99,600 ETH, with Arbitrum freezing 30,700 ETH of that sum. In response, Aave has spearheaded the launch of the "DeFi United" joint rescue initiative, which has so far received potential commitments totaling ~43,500 ETH. Key participants include: ? Lido Finance: 2,500 stETH (pending proposal approval) ? EtherFi Foundation: 5,000 ETH (pending proposal approval) ? Stani Kulechov: 5,000 ETH (personal donation) ? Golem Foundation: 1,000 ETH ? Bybit’s Mantle: 30,000 ETH (pending proposal approval) Additional backers — including Ethena, LayerZero, Ink Foundation, and Tydra — have pledged support but not disclosed specific amounts. Overall, current commitments still fall short of fully covering the shortfall. The DeFi industry is working to complete critical repairs via a "joint capital infusion" framework before systemic risks spr

April 24th — Tether minted 1 billion USDT on the Ethereum network 7 hours ago, per on-chain data.

On April 24th, the Golem Foundation and Golem Factory announced they will disburse 1,000 ETH total from their treasury to join an Aave-led rescue mission focused on rsETH. This funding will be used to restore collateral support for rsETH and facilitate an orderly unwind for affected users. The Golem team noted it has closely collaborated with the Aave team, and this contribution is part of the "DeFi United" initiative to collectively mitigate risks across DeFi protocols.

On April 24, Lido Finance put forward a governance proposal at its forum, offering up to 2,500 stETH in one-time funding for the Aave-led rsETH rescue plan. The funds will cover collateral shortfalls, mitigate risk, and prevent spillover to the broader DeFi ecosystem. The proposal is being advanced alongside the “DeFi United” joint initiative, contingent on the rescue plan securing full funding. Its goals are to stabilize markets and facilitate orderly unwinding for affected users.

April 24, the EtherFi Foundation proposed injecting 5,000 ETH into the rsETH Special Recovery Pool to cover collateral shortfalls, safeguard user assets, and prevent bad debt from spreading across the DeFi ecosystem. This initiative is part of the "DeFi United" joint rescue operation, with core goals to restore rsETH’s peg, stabilize the lending market, and mitigate systemic risks stemming from a recent exploit.

April 24th: Aave founder Stani Kulechov said the protocol is his “life’s work,” noting the team is fully focused on addressing the current risk event. He announced he will personally contribute 5,000 ETH to the “DeFi United” joint rescue plan, which aims to unite industry partners to cover the collateral gap, stabilize markets, and push for timely implementation of additional commitments to restore normal operations. BlockBeats reported today that Mantle—backed by crypto exchange Bybit—has proposed in a governance forum to extend a 30,000 ETH loan to Aave to backstop default risks stemming from a recent attack.