Mantle Offers Line of Credit to Aave Amid DeFi Sector's Coordinated Efforts

A recent attack on the rsETH bridge has left Aave facing a significant deficit, prompting Mantle to propose making up to 30,000 ETH available as a line of credit. The funds would be used exclusively to cover the shortfall in Aave V3.

The proposal stipulates an interest rate close to the Lido yield plus 1%, with a term of up to 36 months. This plan also includes options for early repayment and risk mitigation mechanisms, such as multi-sig portfolio guarantees and support with AAVE tokens.