LayerZero

Thanks to @LayerZero_Core, who has been actively engaging with Aave and the broader DeFi United movement since the moment the rsETH incident occurred. Their contribution advances our plan to restore rsETH's backing and normalize market conditions.

Thank you to @aave, @arbitrum, @ethena, @ether_fi, DeFi United, @_SEAL_Org, and all of the others who have been tirelessly working behind the scenes with us to make this happen. DeFi will win.

We will continue working with @aave and others across DeFi on how OFTs should be set up when integrated into lending markets and beyond.

LayerZero Labs is pledging more than 10,000 ETH to @Aave-led DeFi United efforts. We are: • Donating 5,000 ETH to DeFi United • Depositing an additional 5,000 ETH to strengthen Aave markets liquidity • Strategically deepening GHO liquidity

Aave service providers and ecosystem partners have established a recovery fund that factors in pending DAO votes, including the Arbitrum governance vote, indicative agreements, and successful execution to restore rsETH’s full backing. We are DeFi United, and resolving this for affected users and the broader DeFi ecosystem is our top priority. We have aligned with @KelpDAO and @LayerZero_Core on the technical steps required to execute our plan. That work is now moving forward. Thank you to everyone who contributed to DeFi United and to the thousands of community members who stood with us throughout. Watching the DeFi community come together has been genuinely inspiring. The final recovery plan, steps for users, and further updates will follow shortly.

After discussions with several stakeholders, Aave service providers, @Ether_fi, @KelpDAO, @LayerZero_Core, @compound_xyz, and others have submitted a governance proposal to the @arbitrum DAO requesting the release of ETH frozen by the Arbitrum Security Council following the April 18 rsETH incident. If released, the funds will be directed into DeFi United, a coordinated cross-protocol recovery effort aimed at restoring rsETH backing and remediating impairment of rsETH for users. This contribution would meaningfully advance the path to resolution as others confirm their commitments. The proposal is open for review, and we welcome feedback from the Arbitrum community. forum.arbitrum.foundation/t/constitution…

As part of an industry-wide recovery initiative, LayerZero's proposed contribution would go towards the best path forward to restoring rsETH backing. We have been closely coordinating with Aave and all other parties like EtherFi, Ethena, Arbitrum, and Kelp who have been working tirelessly to ensure the best possible outcome for crypto.

We’re fully aware of the rsETH exploit and have been in active remediation with the @KelpDAO team since the incident and continue to monitor. All other applications remain safe. We are still identifying the root cause alongside @_SEAL_Org and others. We will publish a complete post-mortem with @KelpDAO as soon as we have all information.

NEW: $wXRP is now live on @Solana via @Hex_Trust and @LayerZero_Core.

🚀 wXRP is now live on @solana, enabled by @Hex_Trust and @LayerZero_Core. Growing demand for $XRP is driving liquidity cross-chain—opening new paths across ecosystems and expanding the overall market.

Built with LayerZero

$0.25T

Built with LayerZero.

Just announced at @buidl_conf: $KGLD, one of Asia’s first tokenized gold is here, powered by LayerZero. Korea Gold Exchange Digital Asset (KorDA), backed by ITCEN, a KOSDAQ-listed company ($1B+ mcap), is launching $KGLD, and has chosen @LayerZero_Core as their only interoperability partner. The Korea’s largest gold exchange will issue $KGLD using LayerZero’s OFT Standard, enabling a single unified asset across blockchains from day one. Once live, gold will be: • Transferable across networks • Composable with applications • Usable in DeFi, payments, and institutional workflows Gold is a $13T asset class and Asia drives over half of the global demand. Accelerate tokenization of everything.

Built with LayerZero

End of Thread.

For more on the “Payments DVN”, check out our blog: layerzero.network/blog/worldpay-…

.@Worldpay_Global, together with Global Payments is a leading global merchant acquirer and payments processing company, with over 6M merchants, 94 billion yearly transactions, and $3.7 trillion in annual transaction volume. Today, they introduce the “Payments DVN” – a product specializing in securing cross-chain payment operations across 165+ chains.