Mantle's 30,000 ETH Loan for DeFi United Rescue Goes Live on Snapshot

The DeFi community has come together to support Aave's rescue plan, with multiple DAOs contributing significant amounts to address the rsETH exploit. Mantle Network is now seeking approval from its token holders to lend up to 30,000 ETH to support this effort.

As part of the DeFi United initiative, a pool of pledged ETH and stETH has been accumulated, reaching over $314m at current prices. This includes contributions from Arbitrum DAO, AaveDAO, EtherFi, Lido, Compound, and Mantle itself.