Latest Update from DeFi United: Mantle Lending Proposal Enters Governance Voting, $314.57 Million Worth of ETH Raised
BlockBeats news, on May 1, Mantle Network officially announced that the rsETH Relief Coordination Loan Facility proposal submitted to Aave has formally entered the governance voting stage. According to the proposal, Mantle will provide a loan to Aave’s relief initiative to help users orderly exit or resolve related positions. Currently, users holding MNT tokens must first complete delegation on the Snapshot platform to participate in voting.
Aave founder Stani stated that DeFi United is the largest DAO coordination he has ever participated in, with at least 6 different DAOs proposing governance schemes (Arbitrum, Aave, EtherFi, Lido, Compound, and Mantle), and thanked everyone involved and for their support.
Currently, the DeFi United ecosystem relief initiative led by Aave is ongoing, aiming to address the collateral shortfall caused by the April 18 rsETH incident. The designated donation address has so far accumulated 1,137.714633 ETH, valued at 314.57 million USD.
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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