Aave rallies DeFi partners to contain fallout from $292 million KelpDAO hack

What Happened

Aave and major crypto firms coordinate DeFi United recovery effort following a $292 million KelpDAO exploit. Lido Finance pledges 2,500 stETH ($5.7M), EtherFi commits 5,000 ETH, and Aave founder Stani Kulechov contributes 5,000 ETH to stabilize rsETH backing and prevent forced liquidations across lending markets.

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