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DeFi United Rescue Led by Aave Raises 137,708.343 ETH

According to Aave and participating protocols, the rsETH recovery effort has raised 137,708.343 ETH as deposits stay frozen across multiple networks, with added backing from Puffer Finance and other ecosystem contributors.

ETH
ARB
MNT

Fact Check
The claim has two main parts. First, the three-phase rsETH recovery plan is strongly supported by Aave’s official X post (x post 2048958367658332413), which Odaily summarizes as a phased plan to replenish ETH collateral, clean affected positions, and restore market parameters. Odaily’s report at https://www.odaily.news/zh-CN/newsflash/478592 independently matches those details and adds that DeFi United had coordinated ETH commitments and that governance proposals would recover excess collateral. Second, the statement that Aave DAO is reviewing a buyback pause after the April 18 rsETH exploit is supported by both Odaily at https://www.odaily.news/zh-CN/newsflash/478512 and PANews at https://www.panewslab.com/zh/articles/019dce9d-7c2c-7292-9ce2-6f5a45cd42f8, each citing a TokenLogic/Aave DAO governance proposal tied to the rsETH incident. Confidence is medium rather than high because the linked Snapshot governance page was not fully retrievable in this run, so the buyback-pause detail relies on consistent secondary reporting rather than a fetched primary governance text.
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Summary

Aave’s DeFi United-led rsETH recovery effort had raised 137,708.343 ETH, worth about $315.45 million as of April 29, up from an earlier reported 132,704 ETH. The fundraising supports Aave’s three-phase plan to restore rsETH backing after the April 18 bridge incident that abnormally released 116,500 rsETH. The initiative includes liquidating hacker-linked positions across Aave and Compound, while affected WETH and rsETH deposits remain frozen on Ethereum, Arbitrum, Base, Mantle, and Linea. Recovery support includes up to 30,000 ETH tied to ConsenSys and Joseph Lubin, a proposed Compound contribution of up to 3,000 ETH, LayerZero Labs’ commitment of more than 10,000 ETH through a donation and Aave liquidity deposit, and treasury funds deployed by Puffer Finance. Related measures include ETH injections into the bridge lock contract, governance actions involving oracle pricing, a request to unfreeze about $73.5 million in ETH on Arbitrum, and DAO review of a proposal to pause AAVE buybacks pending clarity on losses and potential bad debt.

Terms & Concepts
  • rsETH: A restaked Ether token, representing Ether used in restaking arrangements to support additional blockchain security services.
  • Oracle pricing: Blockchain price data supplied by external feeds, often used by lending protocols to value collateral and trigger liquidations.
  • DeFi: Decentralized finance, or blockchain-based financial services, refers to applications that provide lending, trading, and other financial functions without traditional intermediaries.