Frax Finance Partners with Aave on Upcoming DAO Proposal
Frax Finance Partners with Aave on Upcoming DAO Proposal
馃 DeFi protocols unite
Frax Finance is joining efforts to restore rsETH's backing through a forthcoming DAO proposal. This follows similar support from EtherFi, which recently published their own proposal.
Key developments:
- Frax Finance will present collaboration details via DAO proposal
- EtherFi previously contributed with their own DAO proposal
- Multiple DeFi protocols coordinating on rsETH backing restoration
The partnerships demonstrate growing coordination among major DeFi protocols to address liquidity challenges.
Now our partners at @fraxfinance join the fold. They will soon share a DAO proposal with details on the collaboration. DeFi United.
As an Aave V4 partner and longtime ally, Frax is in direct communication with @aave today to help with the rsETH Incident. While Frax has no direct exposure, we will work together in positive sum with DeFi United to bring stability to Aave markets and the greater DeFi ecosystem.
DeFi United Recovery Fund Established for rsETH Incident
Aave service providers and ecosystem partners have established a recovery fund to restore rsETH's full backing following the April 18 Kelp DAO bridge exploit. **Key developments:** - Recovery fund established with pending DAO votes, including Arbitrum governance proposal - Technical alignment reached with [Kelp DAO](https://twitter.com/KelpDAO) and [LayerZero](https://twitter.com/LayerZero_Core) to execute recovery plan - Multiple ecosystem partners contributing, including Lido, EtherFi, Ethena, and Compound - Aave DAO proposed contributing 25,000 ETH to the effort - Arbitrum DAO proposal submitted to release frozen ETH from Security Council **Current status:** - rsETH reserves paused across Ethereum, Arbitrum, Base, Mantle, and Linea - WETH reserves on Ethereum Core V3 unfrozen; other markets remain frozen - Final recovery plan and user steps to be announced shortly The coordinated response demonstrates cross-protocol collaboration to address the incident's impact on affected users.
Golem Project and Foundation Contribute 1,000 ETH to rsETH Relief Effort
**Golem Project and Golem Foundation have contributed 1,000 ETH to the ongoing rsETH relief effort.** The contribution adds to the growing DeFi United initiative aimed at helping affected users. This follows previous support from Ethereum stewards Consensys and ethereumJoseph, who committed up to 30,000 ETH to the recovery effort. **Key points:** - 1,000 ETH donation from Golem entities - Part of broader DeFi United relief initiative - Focused on restoring rsETH backing and market stability The collaborative effort demonstrates coordination across DeFi protocols to address the rsETH situation.
Aave Pro Interface Launches for V4 Protocol
Aave has launched **Aave Pro**, a new interface for interacting with Aave V4 Protocol. **Key features include:** - Earning and borrowing capabilities - Token swapping functionality - Position monitoring tools The interface is now available at [pro.aave.com](https://pro.aave.com/) This follows the V4 testnet launch in November 2025, which included a developer preview of the Pro interface. The full announcement details are available on the [Aave blog](https://aave.com/blog/aave-v4-live-ethereum). Aave Pro provides users with a streamlined way to access V4's liquidity protocol features through a web-based interface.
馃攳 Aave V4 Opens Security Review
**Aave V4** has entered its **open security review phase** on Sherlock DeFi, marking a key milestone in the protocol's development. The review invites participation from: - Previous Aave auditors - Developers familiar with lending-pool mechanics - Security researchers interested in DeFi protocols This follows Aave Labs' September roadmap announcement, which outlined the final stages before V4's launch including public documentation, testnet deployment, and codebase release. The open review represents a **community-driven approach** to protocol security, allowing experienced auditors to contribute to one of DeFi's most significant upgrades.