Kelp Completes Funding Commitment to DeFi United Recovery Fund

Kelp has announced the completion of its funding commitment to the 'DeFi United' recovery fund, contributing a total of 2,000 ETH. According to Odaily, this investment aims to facilitate the restoration of rsETH collateral assets and the normalization of the system. Kelp stated that the contribution is a one-time investment, directly allocated to restoring the nominal exchange rate of rsETH with its underlying assets. It will also support the comprehensive repair of the system, including recapitalizing bridge vaults, restoring oracle functions, and addressing funding gaps in affected markets. Kelp emphasized that prior to the public announcement, it had assured rsETH holders that they would not incur losses, and this action is a direct fulfillment of that promise. As funds from various parties are gradually secured, the rsETH collateral structure will be restored to normal operation in phases.