- After Mantle, Frax Finance joins DeFi United to help Aave stabilize after the rsETH incident.
- Other players include Mantle, EtherFi, Golem and Stani Kulechov.
- Aave has paused rsETH markets and limited exposure while working on recovery.
Stani Kulechov, founder of Aave, announced today April 24, 2026, that Frax Finance, a DeFi platform, has joined the growing DeFi United coalition and is stepping up as an important partner in the coordinated effort to address the rsETH incident on Aave.
Even though Frax does not have a direct exposure to rsETH , it is still making an effort to help its longtime ally and partner Aave. The team has pledged to collaborate in a positive manner with DeFi United participants to restore stability in Aave markets and the broader DeFi ecosystem.
Frax plans to propose a governance vote soon, which will outline a structured, incentive-aligned approach. As Frax assets expand on Aave, both ecosystems stand to benefit mutually. Partners at Frax will share detailed proposal soon.
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