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

Project Progress

2026-05-14 01:38:31

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.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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