The total amount donated for the recovery of the ecosystem following the Kelp hack has surpassed 132,704 ETH (over $302 million). The funds raised by the DeFi United initiative have covered the $290 million damage caused by the hack.
Source: defiunited.world.The largest donors included Mantle (30,000 ETH) and the Aave DAO (25,000 ETH). Additionally, approximately 30,700 ETH was recovered through the freezing of stolen assets on Arbitrum.
Aave founder Stani Kulechov donated 5,000 ETH, while Ether.fi and Lido Finance contributed 5,000 ETH and 2,500 ETH, respectively. Some assets were also donated by community members.
Source: defiunited.world.On April 27, ConsenSys and its founder Joseph Lubin joined the fundraising effort, pledging 30,000 ETH.
Consensys is proud to join DeFi United alongside @aave with up to 30,000 ETH to support the rsETH recovery.
— Consensys.eth (@Consensys) April 27, 2026
The Ethereum ecosystem has always been at its best when it moves as one.
DeFi United. https://t.co/o2ow2Iv4NC
The Ethereum treasury SharpLink, supported by ConsenSys, will provide strategic consulting to Aave.
The DeFi platform Compound is prepared to transfer up to 3,000 ETH, with the final amount depending on the project's governance decision.
A proposal for Compound to support DeFi United’s coordinated rsETH recovery effort with a contribution of up to 3,000 ETH is now live.
— Compound Foundation (@Compound_xyz) April 27, 2026
While Compound’s direct exposure is expected to be limited, the proposal reflects a broader commitment to supporting the integrity of DeFi…
The Avalanche Foundation has supported the initiative. The Renzo project team provided over $10 million in liquidity to Aave V3 stablecoin markets.
Plan for Recovering rsETH Collateral
Aave developers have shared a technical plan for recovering rsETH collateral. Initially, the funds raised will be used to replenish the affected lockbox to restore the token to its original value of 1.07 ETH.
— Aave (@aave) April 28, 2026
The project will forcibly liquidate the hacker's positions in Aave and Compound, which is expected to recover around 13,000 ETH. Separate votes will be required for each network beforehand.
The price of the rsETH oracle will be temporarily adjusted, and the tokens obtained will be transferred to a multisig wallet of DeFi United.
Once the collateral is restored, the price will be normalized. rsETH will be exchanged for ETH through the standard Kelp redemption process, and the resulting assets will be used to cover the deficit in Aave markets on Ethereum and Arbitrum.
A similar approach will be taken with the hacker's position on Compound: DeFi United will provide liquidity to recover approximately 16,776 ETH.
During this process, reserves of WETH and rsETH on Ethereum, Arbitrum, Base, Mantle, and Linea will be frozen.
Aave also noted that victims of the Kelp hack can check their compensation amounts on the Recovery Fund website. Payments will begin on April 30.
rsETH Exploit victims now have the capability of viewing their compensation through the Recovery Fund website.
— Aavvc (@aavces_) April 28, 2026
The payout process begins on April 30th.
More details provided: https://t.co/FhDGlXDNZ3 pic.twitter.com/m5POw9L3LD
Slowdown in Outflows
Outflows from DeFi have paused amid stabilization efforts for the ecosystem. The sector's total value locked (TVL) currently stands at $83.3 billion.
This figure remains significantly lower than pre-hack levels, which exceeded $99 billion.
Source: DefiLlama.Aave shows a similar trend, with the protocol's TVL around $14.1 billion. Over the past 10 days, the metric dropped by $12 billion.
Source: DefiLlama.As a reminder, Andrew Mossa from Jefferies Bank believes that the series of hacks in the DeFi sector may dampen Wall Street's interest in blockchain technologies.