Aave proposes ETH to fix Kelp DAO exploit

Decentralized finance protocol Aave is considering a significant contribution of 25,000 Ether (ETH) to bolster the security of the DeFi ecosystem. This proposal aims to address a recent exploit impacting Kelp DAO, a liquid staking derivatives platform. The move underscores the interconnectedness of DeFi protocols and the collective responsibility to safeguard against vulnerabilities. If approved, the substantial ETH allocation would demonstrate Aave's commitment to maintaining the integrity and stability of decentralized finance, potentially restoring confidence among users and investors following the security incident.