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Aave Sets Recovery Fund for rsETH Backing With KelpDAO and LayerZero
Aave said ecosystem partners and service providers will create a recovery fund to restore full backing for rsETH. Aave said it agreed with KelpDAO and LayerZero on the technical steps for execution, and work is underway. Aave said the plan also accounts for pending DAO votes, including an Arbitrum governance vote, and final user steps will be announced soon.