Aave Secures Commitment for 69,576 ETH in Aid, Shortfall Reduced to 5,505 ETH

On April 25, Aave, a lending platform directly affected by the rsETH incident, contributed 25,000 ETH ($57.75 million) to cover bad debts. The total bad debt shortfall amounts to 75,081 ETH. Aave has coordinated the establishment of the ‘DeFi United’ initiative to receive aid funds for compensation, and has now secured commitments for 69,576 ETH in aid (both loans and donations), leaving a remaining shortfall of 5,505 ETH.

AAVE0,76%
ETH-0,11%
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