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lending-markets
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Substrate placeholder — needs reviewfinance31 days agoDeveloping
DeFi United Releases Plan to Restore rsETH Backing After Kelp DAO Exploit Created 116,500 Unbacked Tokens
DeFi United, a coalition of blockchain projects and crypto individuals, has proposed a detailed plan to re-collateralize rsETH following a hack on Kelp DAO that generated 116,500 unbacked tokens. The plan involves injecting fresh ETH and unwinding bad loans on platforms like Aave…