AAVE Announces rsETH Recovery Technical Plan, Proposes Simultaneous Repair of Collateral Support and Affected Positions

Odaily Planet Daily News AAVE has announced the technical implementation plan for rsETH recovery, proposing to advance the repair in three phases: supplementing ETH collateral, cleaning up affected positions, and restoring market parameters, in order to restore full collateral support for rsETH and resume normal market operations.

The plan indicates that DeFi United has coordinated to obtain the ETH commitments required for the recovery. It will restore rsETH support by conducting batch conversions and injecting them into the bridging lock contract. Simultaneously, it proposes to clean up the affected positions on Aave and Compound through a governance proposal, recovering approximately 107,000 rsETH-related excess collateral, and gradually lifting the freeze status on the relevant assets.