Aave launches binding Arbitrum vote to move $71 million in disputed ETH

May 12, 2026 - 08:00
Aave launches binding Arbitrum vote to move $71 million in disputed ETH
DeFi lender Aave and other stakeholders impacted by last month’s Kelp DAO hack have launched a binding Arbitrum governance vote to transfer $71 million in disputed ether into an Aave LLC-controlled address A Constitutional Arbitrum Improvement Proposal, or AIP, is the DAO’s formal on-chain governance mechanism for approving binding protocol actions. This amended proposal implements...

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