KelpDAO injects 2,000 ETH into DeFi United Revival Fund to advance the rsETH recovery plan
ChainCatcher reports that KelpDAO has fulfilled its commitment to the Recovery Fund, contributing 2,000 ETH from its treasury to the DeFi United recovery initiative led by projects such as Aave. The funding aims to restore the peg support for rsETH and facilitate the system's return to normal operations.
This is a one-time contribution intended to bring rsETH back to its nominal redemption ratio. After the April 18 incident, DeFi United, together with several ecosystem participants (including Mantle, Consensys, Arbitrum, Lido Finance, LayerZero, and others), outlined a recovery plan covering treasury recapitalization via bridging, oracle functionality restoration, and the repair of affected market capital shortfalls.
Kelp stated that its contribution helps accelerate the overall recovery process. Kelp emphasized that, prior to any public announcement, the internal company commitment was "rsETH holders will not be abandoned," and said this contribution directly reflects that promise.
As funding from the different parties arrives, the collateral backing for rsETH will gradually be restored, and the company will continue to update the community on the progress.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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