Biggest DeFi Ecosystem Bailout in History After the rsETH incident on April 18, KelpDAO's collateral assets faced a shortfall, and there was a risk of bad debt spreading across protocols. Aave launched the DeFi United rescue initiative, and as of today, the donation address has accumulated 100,360 ETH. A lot of retail investors are donating, hoping for an airdrop. Honestly, it feels like a bit of a waste. If we really want to resolve the bad debt, a more reasonable approach would be to follow Bitfinex's example. Back in 2016, after losing 120,000 BTC to a hack, Bitfinex didn’t rely on donations. Instead, they directly issued BFX tokens (debt-to-equity conversion) to all affected users. It was clean, straightforward, and the debt relationships were clear. Later, they raised $1 billion through LEO, and looking back, LEO’s returns were actually pretty impressive—about 10x over six years. This current "donate first, then hope for an airdrop" model leaves the debt relationships ambiguous. Who owes who? Who gets the airdrop, how much, and when? It’s all unknown. Plus, in this market environment, even if there is an airdrop, it’s likely to end up as a meme that no one wants. 99% chance there won’t be any airdrop for individual donors. Protocols bailing out protocols—retail investors shouldn’t get involved with airdrop expectations.