DeFi leaders unite for Aave user rescue plan

Major players in decentralized finance, including Consensys, Lido, and EtherFi, are pledging over $300 million to support Aave users affected by a recent crypto hack. This coordinated effort, dubbed 'DeFi United,' aims to stabilize the ecosystem by providing donations, deposits, and credit lines. Aave itself is spearheading the initiative, with proposals to allocate significant ETH and personal contributions from its founder. The response highlights a rare level of industry-wide cooperation in decentralized finance, demonstrating a shared priority to protect users and restore normal market conditions following the Kelp DAO exploit.