Aave Secures $69,576 ETH Aid Pledges, Closing $5,505 ETH Gap in rsETH Recovery

Gate News message, April 25 — Aave has secured aid pledges totaling 69,576 ETH to cover losses from the rsETH incident, leaving a remaining shortfall of just 5,505 ETH, according to on-chain analyst Yu Jin. The lending protocol contributed 25,000 ETH (approximately $57.75 million) from its own reserves to address the bad debt.

The total bad debt gap stands at 75,081 ETH. Aave established the "DeFi United" initiative to coordinate aid collection through loans and donations. With 69,576 ETH already pledged, the protocol is close to fully recovering from the incident, with only 5,505 ETH remaining to bridge the gap.