Industry leaders are pouring hundreds of millions into a rescue plan for Aave users after massive crypto hack

The response to the DeFi recovery fund has quickly extended beyond Aave, and in some cases began with direct outreach. What to know : Aave is spearheading a coordinated DeFi recovery effort after the Kelp DAO exploit, with more than $300 million in pledged support from major players like Consensys, Lido, EtherFi, and others, though much remains subject to governance approval. Contributions span donations, deposits, and credit lines, while Aave is also seeking to unlock the frozen ETH on Arbitrum to help make affected rsETH holders whole, highlighting a rare, ecosystem-wide response to stabilize the ecosystem.