DeFi United latest update: Mantle lending proposal enters governance voting, has raised 314 million USD in ETH

Mantle Network officially announced that the proposal for the rsETH relief coordination loan facility initiated to Aave has officially entered the governance voting stage.

According to the proposal, Mantle will provide a loan to Aave's relief action to help users orderly exit or resolve related positions. Users holding MNT tokens must first complete delegation on the Snapshot platform to participate in the voting.

Aave founder Stani stated that DeFi United is the largest DAO coordination he has participated in, with at least 6 different DAOs proposing governance plans (Arbitrum, Aave, EtherFi, Lido, Compound, and Mantle). He thanked everyone who helped and participated.

Currently, the DeFi United ecological relief action led by Aave is ongoing to address the collateral asset gap caused by the rsETH incident on April 18. The designated donation address has raised a total of 1,137,714.633 ETH, worth $314.57 million.