🤝 EtherFi Proposes 5,000 ETH Contribution to rsETH Exploit Relief Fund
**EtherFi Foundation Steps Up After rsETH Exploit**
The EtherFi Foundation is proposing to contribute **5,000 ETH** to a dedicated relief vehicle aimed at addressing the rsETH shortfall from this week's exploit.
**Key Points:**
- The relief vehicle is designed to protect users and prevent bad debt from spreading across DeFi protocols
- EtherFi has been coordinating closely with [Aave](https://aave.com) and other ecosystem partners
- The Foundation emphasizes that an ecosystem-wide, coordinated response is essential for proper resolution
- This follows earlier commitments, including a 2,000 ETH treasury contribution to DeFi United
**Broader Ecosystem Response:**
Over 71,700 users and multiple DeFi partners have rallied together, including Aave, Ethena, Mantle, Lido Finance, Arbitrum, and others.
EtherFi and Aave are aligned on next steps, with the final recovery plan, user instructions, and timeline to be announced shortly.