"The commitment was announced on Monday and disclosed to Bitcoin.com News. Consensys, the company behind Metamask, is contributing alongside a growing list of ecosystem participants that includes Aave DAO, Lido, Etherfi, Ethena, Mantle, Ink Foundation, Tydro, Golem Foundation, Golem Project, and Frax."
"DeFi United was announced on April 23. Aave service providers initiated the coordinated effort with one stated goal: to restore rsETH backing and support the users affected by the April 18 bridge incident."
"The up to 30,000 ETH contribution from Consensys and Lubin makes funds available without waiting on governance timelines. Governance approval processes across affected protocols are running in parallel, allowing the recovery to advance on multiple fronts at once."
Joe Lubin and Consensys committed up to 30,000 ETH to DeFi United to aid in restoring rsETH backing following a bridge incident on April 18. DeFi United includes over 14 ecosystem participants, such as Aave DAO and Lido, working collaboratively to support affected users. Governance approvals across the involved protocols are progressing simultaneously, facilitating the recovery process. The initiative aims to make funds available quickly, allowing for immediate action without waiting for governance timelines.
Read at news.bitcoin.com
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