The cryptocurrency lending protocol Aave DAO (AAVE) has submitted a governance proposal to deploy 25,000 ETH (approximately $58 million) from its treasury funds to respond to the Kelp DAO rsETH bridge hack, which is valued at approximately $292 million. In the proposal, Aave DAO explained, "The initial estimated loss from the Kelp incident was approximately 163,183 ETH, but reflecting subsequent freezing and recovery of hacked assets, it has now decreased to around 75,081 ETH. Furthermore, to date, a 'DeFi Alliance' composed of Aave service providers and other partners has donated approximately 14,570 ETH, and a loan of up to 30,000 ETH has been secured from Mantle (MNT). Any additional donations will be used to repay Mantle's loan."
