DeFi United Releases Plan to Recover from KelpDAO Exploit

DeFi United, a coalition of decentralized finance (DeFi) protocols, has released a technical plan to recover from the recent KelpDAO bridge exploit. The plan involves converting committed Ethereum (ETH) into rsETH and liquidating affected positions in Aave and Compound.

The coalition has implemented new security measures to prevent similar exploits in the future. Additionally, they have received over $300 million in pledges for the recovery effort, which is a significant contribution towards their goal of recovering lost funds.