DeFi protocol Aave has announced a detailed recovery process for the rsETH bridge vulnerability attack that occurred on the 18th. This plan is led by the industry-wide response team DeFi United, and its core objective is to restore the collateral value of the leaked rsETH to its original level (1.017 ETH). The recovery will begin by resolving affected positions through a governance proposal and temporarily adjusting the rsETH price to facilitate liquidations. Recovered tokens will be collected in a multisig wallet, redeemed for ETH, and then used to cover shortfalls in each market. Aave expects to recover approximately 13,000 ETH through this process, and the movement of related assets will be frozen until the recovery is complete.
