Mantle Network Proposes Loan to Aave's Rescue Action

Mantle Network, a decentralized finance (DeFi) platform, has announced that its proposal to provide financial assistance to Aave's rescue action has entered the governance voting stage.

The proposal aims to address the liquidity shortfall caused by the April 18 rsETH event, which had significant implications for DeFi users. Under the plan, Mantle will provide a loan to help users exit or resolve related positions in an orderly manner.

A total of $3.1457 billion in ETH has been raised through DeFi United's relief efforts so far, with 1,137,714.633 ETH already contributed to the designated donation address.