AAVE announced the technical plan for rsETH recovery, intending to simultaneously fix collateral support and damaged positions
AAVE announced the technical implementation plan for the recovery of rsETH, which aims to advance the repair in three phases: supplementing ETH collateral, clearing affected positions, and restoring market parameters, in order to restore complete collateral support for rsETH and return the market to normal operations.
The plan indicates that DeFi United has coordinated to obtain the ETH commitments needed for recovery, which will be restored through batch conversions and injected into the bridging locked contract to support rsETH; at the same time, it plans to clear the affected positions in Aave and Compound through a governance proposal, recovering approximately 107,000 rsETH related excess collateral and gradually lifting the freeze status on related assets.
You may also like

The other side of Musk's trillion-dollar fortune: 85% cannot be sold

The U.S. government prohibits foreigners from using Fable 5, Anthropic issues a rebuttal

Citibank releases "2030 Asset Tokenization Market Outlook": 6 major trends may create a $8.2 trillion market

The trillion-dollar valuation test: Are the three major super IPOs a celebration for tech stocks or a nightmare for the crypto market?

Morning Report | Digital Asset completes $355 million financing led by a16z Crypto; Meta completes operational separation from Manus

a16z Crypto Partner: Cash flow is the moat

Cryptocurrency market makers collectively seek change as it becomes increasingly difficult to make money

How TradeXYZ, xStocks, and Alpaca break down the SpaceX IPO into three different strategies

$75 billion in risk asset redistribution: How will SpaceX's IPO affect U.S. stocks and Bitcoin?

Why Is BlackRock Investing $5 Billion in the SpaceX IPO?

Morning News | CME Group launches Nasdaq Cryptocurrency Index futures; Asset management giant Janus Henderson strategically invests in Ethena

Bitcoin Layer 2 Network Botanix: Why Did We Choose to Dissolve?

Why did Oracle deliver the strongest financial report in history, yet its stock price fell?

When the P2P illicit funds from ten years ago turned into 60,000 bitcoins

Dialogue with OmenX Founder: Why does the prediction market need an evolution from "spot" to "derivatives"?

Galaxy in-depth report: Is Solana still worth paying attention to?

Young people in South Korea make a "final effort" in the epic bull market

