Aave, Compound Unveil Technical Plan to Address Fallout From $290M Kelp DAO Hack

In brief

• The DeFi United coalition has published a technical implementation for restoring rsETH token backing following the Kelp DAO hack.
• The relief effort secured over $300 million in ETH commitments to eliminate bad debt on Aave and Compound.
• The plan converts committed ETH into rsETH, then…