DeFi United gather 303M ETH to repay Kelp DAO rsETH theft

Published: 2026-04-28 03:30:57 |

DeFi United don gather 132,650 ETH (about $303M) to pay for losses from the April 18 Kelp DAO hack wey target rsETH wey dem carry comot from the Aave ecosystem. The plan na to compensate victims and help make Aave lending stable again after attackers reportedly drain ETH using rsETH as collateral. Key updates: Consensys commit 30,000 ETH, and Arbitrum freeze 30.765 ETH wey relate to the exploit. Governance approval to move the frozen funds fit take about 49 days, so full payouts dey depend on votes across protocols like Mantle, Ether.Fi, and Lido. Avalanche Foundation support the effort too, plus Tron DAO and HTX help with Aave stablecoin liquidity. Traders make dem watch Aave liquidity during the governance window. Market data show say stress dey ease: Aave USDT/USDC utilization drop to 92% from 100% last week. If governance pass, short-term liquidity fit improve; delays keep tail risk high for AAVE and related market pricing. Technical context for AAVE: price near $97, RSI around 48 (neutral), but the broader trend still bearish (Supertrend bearish), with support about $94.7 and resistance about $100.9.

Neutral

Na dis wan na effort to support liquidity and pay back, so e fit improve sentiment and reduce immediate tail risk for AAVE. Di two most concrete positives be: (1) large capital we DeFi United don raise and (2) part of attacker funds don immobilize because Arbitrum freeze, wey fit reduce further market strain. But di main wahala for di event na timing. Full compensation depend on cross-protocol governance votes, and di transfer process dey expected to take about 49 days. For dat window, any delay fit keep liquidity fragmentation high and limit how fast depositors fit return, wey dey against clear bullish move. Di market signal wey dem give (Aave USDT/USDC utilization down to 92% from 100%) support stabilization, but e no complete resolution. With di technicals wey dem cite for AAVE still leaning bearish, traders fit treat this as gradual risk-management catalyst rather than immediate price trigger.