DeFi United Relief Raises $21M
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The DeFi United relief effort has amassed over $21 million in contributions, with potential additional allocations of $215 million pending governance approvals. This initiative follows the exploit of Kelp, a liquid restaking protocol, where Aave has requested Arbitrum to redirect 30,000 ETH from the exploiter to support the relief fund. The response highlights the community's resilience and coordinated efforts to mitigate damage and restore confidence in decentralized finance. The significant capital inflow suggests strong backing for the affected protocols and a bullish sentiment for DeFi's recovery and long-term stability.
Read full article on CoinTelegraph
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