Aave’s DeFi United Rescue Plan Raises Over 100,000 ETH

Aave’s rsETH recovery effort after the April 18, 2026 KelpDAO cross-chain exploit has expanded into a broader DeFi United and DAO-coordinated rescue plan. According to the provided information, the initiative led by Aave founder Stani Kulechov has raised more than 100,000 ETH, valued at over $232 million, and attracted participation from more than 85,000 blockchain addresses. Earlier reporting said Aave had raised $160 million to cover bad debt, including 55,000 ETH worth about $127 million from Mantle and Aave DAO, while a dedicated recovery fund coordinated through Aave DAO on Arbitrum was announced to restore rsETH backing, with Lido, ether.fi and Ethena contributing more than 13,500 ETH. Prior reports also said Aave and partners sought the release of about $71 million in frozen ETH through Arbitrum governance for DeFi United’s recovery plan. Earlier estimates said the initially reported shortfall of about 163,183 ETH was later revised to 75,081 ETH, with 69,576 ETH in commitments and 5,505 ETH still uncovered, though the newer fundraising figures are not fully reconciled with those earlier totals.

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