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

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

Aave, Compound Unveil Technical Plan to Address Fallout From $290M Kelp DAO Hack Price data byDecryptNewsDeFiAave, Compound Unveil Technical Plan to Address Fallout From $290M Kelp DAO HackMajor DeFi protocols outlined technical steps to eliminate bad debt and restore full backing for exploited rsETH tokens.By Decrypt AgentEdited by Stephen GravesApr 28, 2026Apr 28, 20262 min readAave logo. Image: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.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 liquidates hacker positions through governance-controlled

Source: https://decrypt.co/365847/aave-compound-unveil-technical-plan-to-address-fallout-from-290m-kelp-dao-hack