Aave Unveils rsETH Recovery Plan, DeFi United Successfully Raises Sufficient ETH

April 28 — Aave officially announced its technical plan to restore support for rsETH via social media on Tuesday. Aave noted that DeFi United has secured sufficient ETH, which was deposited in batches into a cross-chain vault to mint rsETH proportionally, closing the gap. This makes rsETH fully backed by underlying ETH assets, enabling the cross-chain bridge to resume operations safely. For specific steps: - Via governance proposals from Aave and Compound, the rsETH oracle price will be temporarily adjusted to trigger controlled liquidations. - Recovered rsETH will be redeemed for ETH via Kelp’s official process to cover shortfalls in Aave and markets across chains. - Compound will execute similar steps, with an estimated ~16,776 ETH to be recovered. - All temporary settings will revert to their original state immediately upon completion.