AAVE announces rsETH recovery plan, proposing simultaneous restoration of collateral support and affected positions
Odaily reported that AAVE has released the technical recovery plan for rsETH, which aims to implement repairs in three phases: adding additional ETH collateral, clearing affected positions, and restoring market parameters—so as to fully reinstate the rsETH collateral backing and return the market to normal operations.
According to the plan, DeFi United has coordinated and secured a commitment for the required ETH to support the recovery. The backing will be restored by gradually converting and injecting ETH into the bridge locking contract. At the same time, a governance proposal is planned to clear affected positions in Aave and Compound, retrieve around 107,000 rsETH in associated excess collateral, and progressively unfreeze the relevant assets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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