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Aave, in collaboration with multiple institutions, submitted a governance proposal to the Arbitrum DAO, requesting the release of frozen ETH and promising to invest in DeFi United.

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2 hours ago
AI summarizes in 5 seconds.

PANews April 25 news, Aave announced on platform X that Aave service providers, together with several protocol parties including Ether.fi, KelpDAO, LayerZero, and Compound, submitted a governance proposal to the Arbitrum DAO. The request is for the Arbitrum Security Committee to release the ETH that was frozen due to the rsETH incident on April 18. If released, these funds will be allocated to DeFi United, a cross-protocol coordinated recovery project aimed at restoring rsETH support and rectifying user losses in rsETH. The proposal is now open for review.

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