Frax Joins DeFi United Support Action for Aave, to Propose Governance Plan for rsETH Incident

FRAX1.24%
AAVE-0.88%

Gate News message, April 24 — Frax Finance announced on X that as an Aave V4 partner, it is in direct communication with Aave to address the rsETH incident. While Frax has no direct risk exposure, it will join DeFi United to support Aave's market and strengthen the broader DeFi ecosystem.

Frax will soon submit a governance proposal outlining a structured, incentive-aligned support plan designed to benefit both ecosystems.

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