Aave Submits Governance Proposal to Arbitrum DAO to Release Frozen ETH

On April 25, Aave announced that after discussions with several stakeholders, Aave service providers, ether.fi, KelpDAO, and other projects have submitted a governance proposal to Arbitrum DAO, requesting the release of ETH that was frozen by the Arbitrum Security Council following the rsETH incident on April 18. The announcement stated that if these ETH are released, the funds will be directed to DeFiUnited. Aave is confident that this contribution will significantly advance the path to a solution.

AAVE-0.98%
ETHFI-1.74%
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