POPA ReconMantle: Strategic Credit Facility for Aave DAO (rsETH Exploit)
Mantle: Strategic Credit Facility for Aave DAO (rsETH Exploit) Mantle Treasury proposing to lend up to 30,000 ETH to Aave DAO at roughly Lido rate +1% APR for up to 36 months to help fix bad debt from the KelpDAO exploit This will be collateralized via a multisig with 5% of Aave protocol revenue plus $11M+ in Aave tokens. Turning idle treasury capital into yield + Mantle as a first-response liquidity partner to accelerate Aave's native deployment on Mantle Network https://forum.mantle.xyz/t/discussion-mip-34-strategic-credit-facility-for-aave-dao-rseth-exploit/9417
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