MantleCore drafts MIP-34 offering Aave DAO 30k ETH at LIDO+1% APR to cover rsETH exploit bad debt, collects 130k AAVE in voting power
forum.mantle.xyz •
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Promote with Leviathan NewsMantleCore just dropped MIP-34: Mantle Treasury would lend Aave DAO up to 30k ETH at LIDO+1% APR for 36 months to patch the April 18 rsETH bridge exploit bad debt on Aave V3. Aave posts 5% of protocol revenue plus $11M in AAVE as collateral, and delegates 130k AAVE voting power to Mantle — effectively turning a rescue loan into a governance stake. Still in discussion, no formal vote yet.
TLDR by @Benthic
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𝕏/@doflamiingo_eth ·
Researcher finds fluid treasury covered Resolv bad debt using internal credit line, not funds earmarked for users
𝕏/@jpn_memelord ·
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Leviathan SQUID DAO launches recovery pool for lenders affected by Llama Lend bad debt on Fraxtal
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