rseth

kelpdao

KelpDAO rsETH Is Now Fully Restored

The final tranche of rsETH has been deployed into the LayerZero lockbox. rsETH is now fully restored and operating.

kelpdao

LayerZero Publishes Full Post-Mortem On $292M KelpDAO Exploit

LayerZero Labs traces the $292M April 18 attack on KelpDAO's rsETH bridge to TraderTraitor, a developer machine compromise, and poisoned internal RPC nodes.

aave

Aave Fully Restores WETH Markets

Aave restores LTV parameters across all V3 WETH deployments affected by the rsETH exploit, while KelpDAO consolidates bridging support and trims 20 chains.

kelpdao

KelpDAO Resumes rsETH Withdrawals Following Recovery Operation

KelpDAO and Aave unpause rsETH withdrawals, bridging, and claims as rsETH is fully backed thanks to funds raised from DeFi United.

kelpdao

KelpDAO rsETH Recovery Enters Final Stage

Kelp and Aave burn the seized rsETH on Arbitrum as the 117,132 rsETH deficit is refilled and withdrawals prepare to reopen.

aave

Aave Amends Arbitrum AIP After Court Order

The amended Constitutional AIP routes the 30,765 frozen ETH to a wallet controlled by Aave LLC, replacing the original 3-of-4 Gnosis Safe per the May 8 court order.

governance

Judge Clears ArbitrumDAO To Transfer Frozen ETH To Aave LLC

The judge signed an order clearing ArbitrumDAO to vote on transferring 30,765 frozen ETH to Aave LLC for the rsETH recovery effort.

kelp

KelpDAO Migrates rsETH To Chainlink CCIP

KelpDAO migrates rsETH to Chainlink CCIP and pushes exploit blame to LayerZero infrastructure.

defi-united

DeFi United Explained: The rsETH Recovery Plan

A backgrounder on the coordinated industry effort to restore the backing of KelpDAO's rsETH following the April 18 LayerZero bridge exploit, now fully executed.

aave

Aave Publishes DeFi United Technical Implementation

Aave published its technical implementation plan for DeFi United, a coordinated effort to recover the backing of KelpDAO's rsETH LST.

layerzero

LayerZero Contributes 5,000 ETH To DeFi United

LayerZero is contributing 5,000 ETH to DeFi United's recovery effort.

aave

Consensys And Joseph Lubin Commit 30,000 ETH To DeFi United

Consensys and Joseph Lubin pledge up to 30,000 ETH, and SharpLink joins as a strategic advisor, to DeFi United.

aave

DeFi United Secures Sufficient Funds To Restore rsETH Backing

Stani Kulechov confirms DeFi United has the funds to fully restore rsETH backing, pending governance votes.

aave

Aave DAO Offers To Contribute 25,000 ETH To DeFi United

The Aave DAO offers a 25,000 ETH contribution to the DeFi United Relief Vehicle for KelpDAO's rsETH following a 75,081 ETH residual shortfall.

news

#932 - DeFi United For rsETH, Mantle Aave Loan, Ethereum Security QF Round

Ecosystem projects rally to cover rsETH's shortfall. Mantle offers Aave DAO a 30,000 ETH loan facility. And a $1M Ethereum Security QF round goes live.

mantle

Mantle Extends Loan Facility To Aave DAO

Mantle offers a loan facility to the Aave DAO of up to 30,000 ETH at variable APY for 36 months, aimed at mitigating impact from rsETH.

defi

DeFi United Relief Vehicle For rsETH

Aave service providers pledge 13,500+ ETH toward covering rsETH's 118,000 ETH shortfall from the KelpDAO exploit.

defi-united

Lido Offers 2,500 stETH To rsETH Relief Vehicle

fluid

Fluid Extends aWETH Redemption Protocol To L2

Aave users on Arbitrum and Base can now swap their frozen aWETH collateral for wstETH or weETH.

news

#929 - KelpDAO And LayerZero Exploit, Aave Freeze, Fluid aWETH Redemptions

KelpDAO's $290M LayerZero bridge exploit impacts Aave markets. Fluid enables aWETH redemptions. LayerZero attributes the attack to RPC poisoning.

news

Aave Freezes ETH And LST Markets

Aave disabled rsETH, WETH, and borrowing on all LST and LRT collateral types after the KelpDAO exploit, sending markets to 100% utilization.

news

KelpDAO Loses $290M In LayerZero Bridge Exploit

An attacker released 116,500 rsETH from KelpDAO's bridge contract on Ethereum mainnet without a corresponding burn on L2.