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Avalanche Foundation: Supporting DeFi United to Restore rsETH Collateral Support
Svmuu reported that the Avalanche Foundation posted on platform X, stating its support for DeFi United. This is a coordinated action aimed at restoring rsETH collateral support following the incident on April 18. DeFi is undergoing public stress tests with transparent ledgers and real accountability, whereas traditional financial systems often require months or years to complete such repairs. The Avalanche Foundation expressed its support for Aave and the broader DeFi ecosystem.
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