Aave Labs, Kelp DAO, LayerZero, EtherFi, Compound, and others have submitted a proposal to Arbitrum governance, suggesting to unfreeze 30,765.67 ETH that was frozen by the Arbitrum Security Council on April 21. According to the proposal, these funds will be managed at a 2-of-3 Gnosis Safe (SAFE) address jointly controlled by Aave Labs, Kelp DAO, and Certora, and will be used solely for rsETH collateral stabilization. Ultimately, any unused assets will be returned to the Arbitrum DAO.
