TechFlow reports that on May 7, Lido updated its statement regarding the Kelp incident: the Snapshot vote to reduce the EarnETH first-loss protection coverage ratio to below 1% has reached quorum, and all losses incurred by EarnETH users will be fully covered under Lido’s Earn first-loss mechanism. Meanwhile, 2,500 stETH allocated for the rsETH rescue effort have been transferred to the DeFi United Rescue Program; the attacker’s rsETH position on Aave has been liquidated, and the collateral from that liquidation is now held by the Recovery Guardian. Lido stated that once the Kelp protocol resumes operations, the EarnETH treasury will restore deposits and withdrawals as soon as possible, and both the EarnETH and EarnUSD treasuries will continue generating yield during this period.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / support@techflowpost.com ICP License: 琼ICP备2022009338号
