<\/p>\n
Mantle\u2019s proposal to lend up to 30,000 ETH to Aave\u2019s DeFi United rsETH rescue has gone live on Snapshot, adding structured credit to a $314m multi\u2011DAO war chest.<\/p>\n
<\/p>\n
Mantle Network has confirmed that its strategic credit facility proposal to support Aave\u2019s rsETH relief effort has formally advanced to a governance vote.<\/p>\n
In a post shared by\u00a0Mantle<\/a>, the team said the measure\u2014known in the forum as\u00a0MIP\u201134<\/a>\u2014is now live on Snapshot, with MNT token holders required to delegate voting power before they can participate.<\/p>\n If approved, the proposal would authorize Mantle Treasury to lend up to 30,000 ETH to Aave DAO as part of the DeFi United rescue plan, with the funds earmarked specifically for clearing bad debt and collateral shortfalls created by the April 18 rsETH bridge exploit.<\/p>\n According to the MIP\u201134 draft, Mantle\u2019s loan would run for up to 36 months and pay a floating yield benchmarked to the staking return on Lido\u2019s stETH plus a 1% spread, turning idle treasury ETH into a yield\u2011bearing position rather than a one\u2011off grant.<\/p>\n On the other side, Aave DAO has proposed backing the facility with 5% of protocol revenue and at least $11 million worth of AAVE tokens, while also granting Mantle delegated governance rights over roughly 130,000 AAVE to align incentives.<\/a><\/p>\n Collateral would be held in a multisig wallet, with no penalty for early repayment and default protections designed to limit Mantle\u2019s downside if the broader rsETH recovery falls short of expectations.<\/p>\n Aave founder Stani Kulechov has described the broader DeFi United framework as \u201cthe largest DAO coordination I have participated in,\u201d pointing to parallel governance processes at Arbitrum, Aave, EtherFi, Lido, Compound, and Mantle.<\/p>\n The credit facility comes on top of a large pool of pledged ETH and stETH gathered under the DeFi United banner. <\/p>\n Earlier updates from\u00a0KuCoin<\/a>\u00a0and\u00a0WEEX<\/a>\u00a0showed the total climbing from 13,500 ETH in early donations to more than 100,000 ETH, with major contributions from Arbitrum DAO (30,765 ETH of previously frozen funds), Mantle\u2019s planned 30,000 ETH loan, AaveDAO\u2019s proposed 25,000 ETH, EtherFi\u2019s 5,000 ETH, Lido\u2019s 2,500 stETH, and personal and institutional commitments from Stani and the Golem Foundation.<\/p>\n The goal is to plug an estimated 68,900\u2013118,000 ETH shortfall in rsETH\u2019s backing after the KelpDAO bridge exploit and to restore healthy collateralization ratios across Aave and other integrated lending markets.<\/p>\n Legal analysis from firms tracking the case, such as\u00a0Travers Smith<\/a>\u00a0and others, has framed DeFi United as a landmark example of \u201con\u2011chain interventions\u201d coordinated across multiple DAOs, with the Mantle\u2013Aave loan seen as a test of whether structured credit facilities can complement donations in large DeFi rescues.<\/a><\/p>\n For users who were hit by the rsETH incident, the combination of direct ETH contributions, governance\u2011approved credit lines, and protocol\u2011level technical fixes should\u2014if fully executed\u2014provide more options to exit or rehabilitate positions than a simple liquidation\u2011and\u2011write\u2011off process.<\/p>\n <\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Mantle\u2019s proposal to lend up to 30,000 ETH to Aave\u2019s DeFi United rsETH rescue has gone live on Snapshot, adding structured credit to a $314m multi\u2011DAO war chest. Summary Mantle…<\/p>\n","protected":false},"author":1,"featured_media":3089,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-27321","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/27321","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=27321"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/27321\/revisions"}],"predecessor-version":[{"id":27322,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/27321\/revisions\/27322"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/3089"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=27321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=27321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=27321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}How the Mantle\u2013Aave facility is structured<\/h2>\n
DeFi United\u2019s ETH war chest tops $314m<\/h2>\n
As Phemex and other trackers note, the designated donation and relief addresses tied to the initiative have now accumulated 1,137,714.633 ETH, worth roughly $314.57 million at current prices.<\/p>\n