DeFi is built on resilience.
Puffer has deployed treasury capital in support of @aave DeFi United.
As a security-first liquid staking protocol, we believe strong infrastructure and aligned incentives are what sustain DeFi through moments like this.
We believe DeFi is a core part of the modern financial system, that means competing, building, and standing together when it matters.
DeFi is united.
Aave service providers and ecosystem partners have established a recovery fund that factors in pending DAO votes, including the Arbitrum governance vote, indicative agreements, and successful execution to restore rsETHโs full backing.
We are DeFi United, and resolving this for affected users and the broader DeFi ecosystem is our top priority.
We have aligned with @KelpDAO and @LayerZero_Core on the technical steps required to execute our plan. That work is now moving forward.
Thank you to everyone who contributed to DeFi United and to the thousands of community members who stood with us throughout. Watching the DeFi community come together has been genuinely inspiring.
The final recovery plan, steps for users, and further updates will follow shortly.
๐ ETH IS NOW BELOW WHALE COST BASIS
$ETH is now trading BELOW whales' realized price, putting them underwater.
Despite this, theyโre stacking even more aggressively, signaling high conviction and a bet on higher prices ahead.
๐ธ๐ฅ๐ช ๐ฑ $UP #airdrop claim from #SuperForm ( @superformxyz ) is now live
If you farmed #UP points earlier, you can already claim your tokens.
Claim: https://t.co/z3XzBjyVR7
๐ธTotal supply: 1B tokens
๐ฐโ50% allocated to community & ecosystem