CoinDesk reported that a joint proposal to release approximately $71 million worth of ETH frozen by the Arbitrum (ARB) Security Council following the Kelp DAO exploit is expected to pass on Thursday local time. Accordingly, the rsETH collateral recovery efforts are also expected to accelerate. This proposal was jointly submitted by Aave Labs (AAVE), Kelp DAO, LayerZero (ZRO), and others. If the proposal passes, the DeFi United recovery project will be able to restore a portion of the rsETH collateral, and the matter will proceed to the final on-chain governance procedure.
