Tag Archives: rsETH

KelpDao Funding Move: Lido Proposes $6M Allocation Of Staked ETH To Bridge Shortfall

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KelpDAO’s liquid restaking token, rsETH, has become the center of a major DeFi recovery effort after a hack estimated at roughly $290 million. The latest development came on Thursday, when Lido Finance unveiled a proposal aimed at supporting Aave’s (AAVE) coordinated response to the rsETH shortfall.  Lido Joins rsETH Recovery Effort The Lido plan was… Continue reading KelpDao Funding Move: Lido Proposes $6M Allocation Of Staked ETH To Bridge Shortfall→

Crypto Community Slams LayerZero: More Verifiers Won’t Stop The Next $290M Hack

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LayerZero is facing heavy criticism for its response to the recent $290 million KelpDAO exploit after the omnichain interoperability protocol blamed Kelp’s 1-of-1 verifier configuration for the incident. LayerZero Blames KelpDAO For $290M Exploit Over the weekend, liquid restaking protocol KelpDAO was the victim of an attack that drained over $290 million in rsETH from… Continue reading Crypto Community Slams LayerZero: More Verifiers Won’t Stop The Next $290M Hack→