KelpDAO Donates 2000 ETH to DeFi United Resilience Fund to Advance rsETH Recovery Plan

BlockBeats News, April 30: According to official sources, KelpDAO has indicated that it has fulfilled its commitment to the Recovery Fund and has provided 2000 ETH in treasury funds to the DeFi United Recovery Plan led by Aave, aiming to restore rsETH's peg support and facilitate the system's recovery. This funding is a one-time investment designed to restore rsETH to its nominal redemption rate.

Following the events of April 18, DeFi United, in collaboration with various ecosystem participants (including Mantle, Consensys, Arbitrum, Lido Finance, LayerZero, etc.), outlined a recovery path involving Bridge Treasury Recapitalization, oracle functionality restoration, and funding gap fixes for affected markets. Kelp stated that its contribution will help expedite the overall recovery process.

Kelp emphasized that prior to any public statement, the internal commitment within the company was that "rsETH holders will not be abandoned," and stated that this contribution directly reflects this commitment. As funds from various parties are gradually secured, the collateral support for rsETH will progressively return to normal, and the company will continue to provide community updates on the progress.