Aave collaborates with Lido and others to advance the aftermath plan for the $292 million vulnerability

Aave is collaborating with Lido Finance, EtherFi, and others to advance the recovery efforts in the decentralized finance sector, addressing a $292 million shortfall caused by vulnerabilities related to KelpDAO. Attackers created unsecured rsETH tokens to borrow Ethereum from Aave, resulting in collateral damage and triggering a wave of withdrawals. Aave founder Stani Kulechov and others have proposed using Ethereum to fill the funding gap.