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KelpDAO Transfers First rsETH Batch to LayerZero OFT Adapter, Resumes Cross-Chain Bridging on May 14

GateNews
Project Progress

According to PANews, KelpDAO announced on May 14 that its first batch of rsETH has been transferred to LayerZero OFT adapter, and cross-chain bridging has resumed. Users can now freely transfer rsETH between mainnet and Layer 2 networks. The rsETH contract will be unpaused within 24 hours to restore withdrawal functionality. Deposits will reopen within 48 hours with synchronized exchange rates. Staking rewards accumulated during the pause period will be distributed to all rsETH holders. Remaining batches will be sent over the next two weeks by Aave Recovery Guardian and Kelp to fully replenish the lockbox contract.

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