Aave says it submitted a governance proposal with ether.fi, Kelp DAO, LayerZero, Compound and other partners seeking the release of ETH currently held under an Arbitrum DAO process.
Aave and several partner protocols said they have submitted a governance proposal to Arbitrum DAO (token-holder governance body for the Arbitrum network) to release ETH that was frozen by the Arbitrum Security Council (emergency security oversight group). The proposal was made in collaboration with ether.fi, Kelp DAO, LayerZero, Compound and others. The request centers on DAO governance over funds that were restricted by a security mechanism, a process that typically requires community review and an onchain vote before assets can be moved or restored.