Aave
Top DeFi lending protocol. Originally ETHLend.
The Aave-led relief effort has gained widespread support, securing enough commitments to replenish the swiped funds.
The plan allows trapped lenders to sell tokenized claims on deposits, offering buyers an option-like bet on CRV's recovery.
More than $21 million in contributions has been made to the "DeFi United" relief effort so far, with another $215 million to be potentially allocated if certain governance proposals succeed.
Blockchain analytics platform Arkham said that the largest contributors are Mantle and Aave DAO, having raised a combined $127 million.
The standard Constitutional AIP lifecycle runs roughly 49 days from forum publication to onchain execution, a timeline some delegates say is too long.
Protocols and individual DeFi users have collectively pledged enough to cover the Kelp DAO exploit losses.
Aave (AAVE), up 3.2% from Thursday, was also a top performer.
Aave's founder has pledged 5,000 ETH of his own money as a growing DeFi coalition races to contain the fallout from the KelpDAO exploit.
The Mantle team wrote that the loan would generate yield and strengthen the relationship between Mantle and Aave.