DeFi United announces rsETH recovery plan

DeFi United, a group formed to assist Aave following an rsETH exploit, has announced its recovery plan via its official X account. The plan involves swapping secured ETH for rsETH to replenish collateral and clear bad debt. DeFi United, which previously raised over $300 million from multiple projects, intends to recover funds and stabilize the market by liquidating insolvent positions on Aave and Compound (COMP). The ultimate goal is to normalize the loan-to-value (LTV) ratio for rsETH-related transactions. However, the group noted that the recovery process will be conducted in several stages, as newly introduced security measures have not yet been verified.