{"id":96595,"date":"2026-04-29T12:02:23","date_gmt":"2026-04-29T09:02:23","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=96595"},"modified":"2026-04-29T12:05:24","modified_gmt":"2026-04-29T09:05:24","slug":"layerzero-commits-10000-eth-to-defi-united-initiative","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/layerzero-commits-10000-eth-to-defi-united-initiative\/","title":{"rendered":"LayerZero Commits 10,000 ETH to DeFi United Initiative"},"content":{"rendered":"<p><a href=\"https:\/\/forklog.com\/en\/news\/what-is-interoperability\">The omnichain protocol<\/a> LayerZero has joined the <a href=\"https:\/\/forklog.com\/en\/news\/defi-protocols-muster-tens-of-thousands-of-eth-to-shore-up-aave\">DeFi United initiative.<\/a> The project will donate a total of 10,000 ETH (~$23 million).\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">LayerZero Labs is pledging more than 10,000 ETH to <a href=\"https:\/\/twitter.com\/aave?ref_src=twsrc%5Etfw\">@Aave<\/a>-led DeFi United efforts. We are:<\/p>\n<p>\u2022 Donating 5,000 ETH to DeFi United<br \/>\u2022 Depositing an additional 5,000 ETH to strengthen Aave markets liquidity<br \/>\u2022 Strategically deepening GHO liquidity <a href=\"https:\/\/t.co\/LbxDT8mkCq\">https:\/\/t.co\/LbxDT8mkCq<\/a><\/p>\n<p>\u2014 LayerZero (@LayerZero_Core) <a href=\"https:\/\/twitter.com\/LayerZero_Core\/status\/2049198660068802867?ref_src=twsrc%5Etfw\">April 28, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Of the allocated amount, 5,000 ETH will go to the ecosystem recovery fund, and another 5,000 ETH will be reserved for <a href=\"https:\/\/forklog.com\/en\/news\/what-is-aave\">Aave<\/a>.\u00a0<\/p>\n<p>The LayerZero team also announced plans to increase the liquidity of <a href=\"https:\/\/forklog.com\/en\/news\/aave-developers-launch-gho-stablecoin-on-arbitrum-network\">GHO<\/a>, a <a href=\"https:\/\/forklog.com\/en\/news\/what-are-stablecoins\">stablecoin<\/a> from the leading lending platform. TokenLogic has raised the borrowing cap for the &#8220;stablecoin&#8221; from 100 million to 125 million.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We raised the <a href=\"https:\/\/twitter.com\/search?q=%24GHO&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$GHO<\/a> borrow cap on the <a href=\"https:\/\/twitter.com\/aave?ref_src=twsrc%5Etfw\">@aave<\/a> Ethereum Core V3 Market from 100M to 125M.<\/p>\n<p>Enjoy a fixed 3.5% borrow rate. <a href=\"https:\/\/t.co\/nI7tAqYeqG\">pic.twitter.com\/nI7tAqYeqG<\/a><\/p>\n<p>\u2014 TokenLogic (@Token_Logic) <a href=\"https:\/\/twitter.com\/Token_Logic\/status\/2049115210812957126?ref_src=twsrc%5Etfw\">April 28, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>However, the donation did not find support within the community. The criticism stemmed from LayerZero&#8217;s response to the <a href=\"https:\/\/forklog.com\/en\/news\/kelp-protocol-loses-293-million-following-cross-chain-bridge-attack\">Kelp attack<\/a>, with users pointing to the <a href=\"https:\/\/forklog.com\/en\/news\/investors-pull-more-than-8-6bn-from-aave-after-kelp-hack\">configuration<\/a> of DVN LayerZero Labs as a potential cause of the breach.<\/p>\n<p>Some deemed the contribution too modest and criticized the developers for their slow response.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">Only 5,000 ETH when you were the CAUSE of this exploit?<\/p>\n<p>This might actually be criminal.<\/p>\n<p>\u2014 LIMITL\u039eSS \ud83d\udc3a\ud83d\udc51 (@goodguyaugust) <a href=\"https:\/\/twitter.com\/goodguyaugust\/status\/2049204492898378046?ref_src=twsrc%5Etfw\">April 28, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;Only 5,000 ETH, considering you were the cause of the exploit?&#8221; wrote one user.\u00a0<\/em><\/p>\n<\/blockquote>\n<p>Others <a href=\"https:\/\/x.com\/ARiHBARi\/status\/2049203162670624807\">called for<\/a> disconnecting applications from LayerZero&#8217;s infrastructure, deeming it unsafe.\u00a0<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;Sold all ZRO tokens, even taking a 70% loss. I have no faith left in your project. You guys are just pretending,&#8221; <\/em><a href=\"https:\/\/x.com\/rajmani887426\/status\/2049217668440543301\"><em>remarked<\/em><\/a><em> a user named Rajmani.\u00a0<\/em><\/p>\n<\/blockquote>\n<h2 class=\"wp-block-heading\">Achievements of DeFi United<\/h2>\n<p>Nonetheless, LayerZero&#8217;s donation became one of the largest within DeFi United. As of April 29, the initiative had attracted over 137,000 ETH (~$320 million), surpassing the $290 million damage from the hack.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-fd2deeff4c2fefe9-3054577270230281.webp\" alt=\"image\" class=\"wp-image-279205\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/defiunited.world\/\">defiunited.world<\/a>.\u00a0<\/figcaption><\/figure>\n<p>Recently, ConsenSys and its founder Joseph Lubin <a href=\"https:\/\/forklog.com\/en\/news\/defi-united-initiative-raises-over-300-million-following-kelp-hack\">joined<\/a> the fundraising, contributing 30,000 ETH.\u00a0<\/p>\n<p>The DeFi platform Compound has promised to transfer up to 3,000 ETH, with the proposal awaiting community approval.\u00a0<\/p>\n<p>Puffer Finance also allocated treasury capital to support Aave.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">DeFi is built on resilience.<\/p>\n<p>Puffer has deployed treasury capital in support of <a href=\"https:\/\/twitter.com\/aave?ref_src=twsrc%5Etfw\">@aave<\/a> DeFi United.<\/p>\n<p>As a security-first liquid staking protocol, we believe strong infrastructure and aligned incentives are what sustain DeFi through moments like this.<\/p>\n<p>We believe DeFi is a core\u2026<\/p>\n<p>\u2014 Puffer Finance \ud83d\udc21 (@puffer_finance) <a href=\"https:\/\/twitter.com\/puffer_finance\/status\/2049191910930325680?ref_src=twsrc%5Etfw\">April 28, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Back in the discussions about the Kelp hack, Curve founder Mikhail Egorov <a href=\"https:\/\/forklog.com\/en\/news\/curve-founder-proposes-debt-tokenization-mechanism\">proposed<\/a> a debt tokenization mechanism.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The omnichain protocol LayerZero has joined the DeFi United initiative. The project will donate a total of 10,000 ETH (~$23 million).<\/p>\n","protected":false},"author":1,"featured_media":96596,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"LayerZero joins DeFi United, pledging 10,000 ETH (~$23M) to the initiative.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1212,1093,1349],"class_list":["post-96595","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-aave","tag-defi","tag-layerzero"],"aioseo_notices":[],"amp_enabled":true,"views":"6","promo_type":"1","layout_type":"1","short_excerpt":"LayerZero joins DeFi United, pledging 10,000 ETH (~$23M) to the initiative.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/96595","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=96595"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/96595\/revisions"}],"predecessor-version":[{"id":96597,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/96595\/revisions\/96597"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/96596"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=96595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=96595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=96595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}