DeFi United Raises Over $300M to Address Kelp DAO Exploit

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Apr 27 2026

LDO-2.074%

DEFI+1.23%

ZRO-2.737%

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Significant Fundraising: DeFi United has raised over 132,000 ETH, valued at over $300 million, to address losses from the Kelp DAO exploit, demonstrating strong community support for the recovery initiative.
Key Commitment: Consensys and Ethereum co-founder Joseph Lubin pledged 30,000 ETH, accelerating the recovery process, with Aave stating that progress would not be as swift without this funding.
Market Stabilization Measures: Circle Ventures confirmed it is purchasing AAVE tokens to help stabilize the market, emphasizing that strong DeFi infrastructure requires collective community efforts, reflecting confidence in the Aave ecosystem.
DAO Support Plan: Aave service providers proposed allocating 25,000 ETH from the DAO treasury, approximately $58 million, to support the recovery plan, further reinforcing the community's commitment to addressing the rsETH shortfall.

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Technical Analysis for LDO

Technical Sentiment Analysis for Lido DAO (LDO). As of , Lido DAO (LDO) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for LDO 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, LDO 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 $-.

Lido DAO (LDO) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.204	0.223	0.243	0.262	0.281	0.3	0.32
Fibonacci	0.223	0.238	0.247	0.262	0.276	0.286	0.3

About LDO

Lido DAO is a decentralized autonomous organization (DAO) which provides staking infrastructure for multiple blockchain networks.Most notably, the platform provides a liquid staking solution for Ethereum, allowing users to stake their ETH and receive stETH (Lido staked ETH) tokens in exchange, which represent the user's staked ETH and staking rewards.Lido DAO is secured by a mix of decentralized governance, audited code and smart contracts. The Lido protocol runs on Ethereum with help from smart contracts that process user deposits and distribute staking rewards, among other functions. Several third-party security firms have audited Lido’s smart contracts in order to identify and address potential vulnerabilities.The platform’s native token is LDO - which also serves as the governance token for Lido DAO. Holders can participate in governance proposals and vote on key decisions such as board adjustments, new integrations and platform updates. LDO holders have the right to determine the development and operation of the platform.Lido currently supports staking for Ethereum and Polygon only with the recent sunsetting of Solana.

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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