Aave and Kelp DAO Request Arbitrum DAO to Release 30,765 ETH for Recovery

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Apr 26 2026

SAFE+2.77%

ARB+4.611%

GNO+1.534%

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Release Request: Aave Labs and Kelp DAO have requested the Arbitrum DAO to release 30,765.67 ETH for the Kelp DAO exploit recovery plan, which is valued at approximately $71 million, aimed at supporting the economic backing of rsETH.
Governance Process Challenges: The 49-day governance process of Arbitrum raises concerns among delegates about potential delays in urgent recovery plans, particularly affecting users with active AAVE positions amid market volatility.
Security Assurance: Aave has stated that its smart contracts were not compromised, framing the incident as an external exploit rather than a direct failure of Aave's lending system, which helps maintain market confidence in Aave.
Community Signal Support: Griff Green, a member of the Arbitrum Security Council, advocates for a quicker community signal confirmation, urging for a prompt vote on Snapshot to clarify the treatment of rsETH holders and Aave users before final execution.

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Technical Analysis for SAFE

Technical Sentiment Analysis for Safe (SAFE). As of , Safe (SAFE) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 3 indicators are flashing buy, while 2 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SAFE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, SAFE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Safe (SAFE) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0874	0.11	0.126	0.148	0.164	0.187	0.203
Fibonacci	0.11	0.124	0.133	0.148	0.163	0.172	0.187

About SAFE

Safe is the ownership layer of web3 securing >$100B+. It includes Safe{Core} a full stack of account abstraction infrastructure and the industry-standard multi-sig, Safe{Wallet}. The project is focused on making every Ethereum account, a smart account and enabling new use cases like AI, Staking, Gaming, SocialFi, DeFi, and Payments to flourish with gasless transaction, easy face-ID like logins, onramps, recovery and more. Safe currently has a large ecosystem of 200+ projects including Gnosis Pay and Worldcoin, deployed in over 15 networks, building on the Safe smart account standard. Safe{Wallet} is also used widely by individuals like Vitalik Buterin, Punk6529 as well as web2 giants like Shopify and Reddit for self-custody of assets and high value NFTs.As of April 2023, over 8M Safe accounts have been created, making >40 million transactions. The open-source contracts are battle-tested and have been formally verified and audited multiple times. There have been no critical security incidents since Safe was deployed in 2018 and Safe remains the benchmark of security in the industry.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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