Golem Project Contributes 1,000 ETH to rsETH Relief Effort
Golem Project Contributes 1,000 ETH to rsETH Relief Effort
馃 DeFi rallies together
Golem Project and Golem Foundation have donated 1,000 ETH to support the ongoing rsETH relief initiative.
- The contribution follows similar efforts from other DeFi protocols, including EtherFi, which recently submitted a proposal to their DAO
- The relief effort aims to restore rsETH's backing
- Multiple protocols are collaborating to assist affected users
The coordinated response demonstrates growing solidarity within the DeFi ecosystem during crisis situations.
Another one. @golemproject and @golemfoundation have made a 1,000 ETH contribution to the ongoing rsETH relief effort. We appreciate their willingness to participate and help users. DeFi United.
Golem Foundation and Golem Factory are contributing a combined 1000 ETH from our treasuries to @aave's coordinated DeFi relief effort following the rsETH incident. We've been working closely with the Aave team this week in a supporting capacity. Our contribution will go toward
Ethena Joins Multi-Protocol Effort to Restore rsETH Backing After Bridge Exploit
**Recovery Effort Expands** Ethena has joined the collaborative effort to restore backing for rsETH following the April 18 Kelp DAO bridge exploit. The protocol now has multiple commitments from ecosystem partners including: - Lido Finance (proposal submitted to DAO) - EtherFi (proposal submitted to DAO) - Ethena (latest contributor) **Current Status** - rsETH reserves paused across Ethereum Core, Arbitrum, Base, Mantle, and Linea - WETH reserves on Ethereum Core V3 unfrozen; users can supply again - WETH LTV remains at 0 - rsETH on Ethereum mainnet confirmed fully backed **Background** The incident stemmed from an exploit of Kelp DAO's rsETH bridge. Aave service providers immediately froze affected markets to prevent new deposits and borrowing. Analysis shows potential bad debt scenarios, with recovery plans now in progress. Aave emphasizes that its contracts were not exploited - the issue originated with rsETH's bridge infrastructure. Full incident report: [governance.aave.com](https://governance.aave.com/t/rseth-incident-report-april-20-2026/24580)
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