Aave Announces Recovery Fund for rsETH Asset Support

Aave has announced that its ecosystem partners and service providers will establish a recovery fund aimed at restoring full asset support for rsETH. According to Odaily, this initiative considers pending Aave DAO governance votes, including those from Arbitrum, indicative protocols, and subsequent successful executions. Aave has reached an agreement with KelpDAO and LayerZero on the technical steps required for implementing the recovery plan. Efforts are underway to address issues faced by affected users and maintain broader DeFi ecosystem stability. The final recovery plan, user operation steps, and further updates will be released soon.