As part of a coordinated effort to mitigate the effects of a recent exploit, EtherFi has announced plans to inject 5000 ETH into the rsETH Special Relief Pool.
This move aims to cover the current collateral shortfall, protect user assets, and prevent potential defaults from spreading throughout the DeFi ecosystem.
The initiative is part of the 'DeFi United' joint rescue operation, which seeks to restore the peg of rsETH and stabilize lending markets.