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The DeFi United industry initiative has reached a new funding milestone of $320 million, bolstered by strategic backing from Consensys and Joseph Lubin. In the latest expansion, Aave has joined the coalition with a specialized plan to convert ETH into rsETH to restore collateral backing. This follows LayerZero's commitment of 10,000 ETH aimed at mitigating liquidity fragmentation through the Omnichain Fungible Token (OFT) standard. With Aave's entry, the total number of participating protocols has risen to 16, further strengthening the recovery efforts initiated in April 2026. This growth is complemented by Compound’s 3,000 ETH proposal to address security vulnerabilities linked to default DVN configurations. Such substantial institutional support underscores a unified commitment to safeguarding decentralized infrastructure and enhancing interoperability across the ecosystem.
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