Aave Labs, Kelp DAO, LayerZero, EtherFi, Compound, among others, have submitted a proposal to the Arbitrum governance to unfreeze 30,765.67 ETH that was frozen by the Arbitrum Security Council on April 21. According to the proposal, these funds will be managed at a 2-of-3 Gnosis Safe (SAFE) address jointly controlled by Aave Labs, Kelp DAO, and Certora, and will only be used to stabilize rsETH collateral. Any unused assets will ultimately be returned to the Arbitrum DAO.
