DeFi United fundraising for Aave surpasses $300M

Fundraising for DeFi United, an initiative to support the crypto lending protocol Aave after it was affected by a hack involving Kelp DAO's rsETH, has surpassed $300 million, The Block reported. The amount surged after Ethereum infrastructure developer Consensys and its founder, Joseph Lubin, pledged to donate 30,000 ETH. Previously, Circle Ventures also mentioned it was purchasing AAVE tokens. Additionally, Lido (LDO), Ether.fi (ETHFI), Ethena (ENA), Mantle (MNT), Tron (TRX), and Babylon (BABY) have announced they will provide funds to support Aave.