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Tag: ARbit

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Aave asks Arbitrum to send 30K ETH from Kelp exploiter to ‘DeFi United’
More than $21 million in contributions has been made to the "DeFi United" relief effort so far, with another $215 million to be potentially allocated if certain governance proposals succeed. Read full article
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Governance Showdown: Aave, Kelp, LayerZero Push Arbitrum to Unlock Frozen ETH
Arbitrum vote on frozen ETH could reduce rsETH deficit and stabilize DeFi lending markets after exploit fallout.
A major DeFi recovery effort is now underway after the rsETH incident exposed a significant funding gap. Key protocols are pushing for action… Read full article
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Five Major DeFi Protocols Ask Arbitrum DAO to Free 30,765 ETH Locked After rsETH Bridge Bug
A coalition of five DeFi protocols filed a Constitutional AIP on the Arbitrum governance forum on April 25, asking the Arbitrum DAO to release 30,765.67 ETH frozen after the April 18 KelpDAO exploit. Key Takeaways: Aave Labs, KelpDAO, and three… Read full article
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