LayerZero Labs Backs Kelp DAO Recovery with 10,000 ETH Commitment

LayerZero Labs has made a significant commitment to the recovery of Kelp DAO after a recent exploit. The company will contribute over 10,000 ETH, with half going directly to DeFi United and the other half deposited into Aave markets.

This pledge comes as part of an industry-wide effort to restore rsETH backing and rebuild market liquidity. DeFi United has raised over $300 million in ETH and stablecoins from dozens of protocols and individuals, including Consensys and Arbitrum DAO.