Wu Blockchain (@WuBlockchain): Compound Proposes Up to 3,000 ETH for rsETH Recovery, Avalanche and Renzo Join DeFi United Effort
Estimated coin impact
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Compound Proposes Up to 3,000 ETH for rsETH Recovery, Avalanche and Renzo Join DeFi United Effort Compound has proposed contributing up to 3,000 ETH to support the DeFi United-coordinated rsETH recovery effort, with the final amount subject to governance approval and recovery plan conditions. Separately, the Avalanche Foundation has expressed support for the initiative, while Renzo has supplied over $10 million in liquidity to the Aave V3 stablecoin markets as part of the recovery effort. https://x.com/Compound_xyz/status/2048865871096168838?s=20 & https://x.com/AvalancheFDN/status/2048794513355792806?s=20 & https://x.com/RenzoAI/status/2048780513880756624?s=20