🪐 DeFi United’s rsETH Rescue Plan Unfolds A coalition of projects rolled out a technical proposal to re‑anchor rsETH after the Kelp DAO exploit, aiming to plug the hole that threatened lending collateral across the ecosystem. The move is a direct response to the recent breach that left a sizable portion of rsETH under‑collateralized, and it signals that coordination is finally emerging in the otherwise fragmented DeFi space. 🕸️ My read: the proposal could shore up confidence in ETH‑denominated lending, which would likely benefit ETH’s risk‑on narrative and indirectly support BTC as a hedge against broader market stress. Yet the upside is fragile—swift implementation and community buy‑in are non‑negotiable; any lag could reignite margin squeezes and drain liquidity, keeping bearish pressure alive. I’m cautiously optimistic that the coordinated fix will dampen the shockwave, but I remain wary of execution risk. 👁️‍🗨️ The fastest path to market stability is the coalition’s ability to lock in rsETH backing before the next round of liquidations. ⚠️ Personal analysis only. DYOR. #DeFi #ETH #CryptoRisk