Mantle rsETH Relief Loan Proposal Enters Aave Governance Voting on May 1, 314.57M USD in ETH Raised

According to BlockBeats, Mantle Network's rsETH relief coordination loan facility proposal entered Aave governance voting on May 1. Under the proposal, Mantle will provide a loan to Aave's relief action to help users orderly exit or resolve related positions. MNT token holders need to complete delegation on Snapshot to participate in voting.

Aave founder Stani noted that DeFi United represents the largest scale DAO coordination he has participated in, with at least six DAOs submitting governance proposals (Arbitrum, Aave, EtherFi, Lido, Compound, and Mantle). The relief action has raised 1,137,714.633 ETH (valued at 314.57 million USD) at the designated donation address to address collateral gaps from the April 18 rsETH incident.