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Kelp rsETH Recovery Makes Progress, Remaining Gap Around 89,500 ETH

GateNews
Project Progressethereum newsOn-Chain Data
ETH0.02%
AAVE1.42%
ARB-0.66%
MNT-1.61%

Gate News message, April 24 — KelpDAO announced progress on rsETH holder recovery efforts since April 18, working with Aave and ecosystem partners. The initial shortfall was 163,200 ETH; Kelp has recovered 40,300 rsETH (approximately 43,000 ETH equivalent), while the Arbitrum Security Council secured an additional 30,700 ETH, leaving a remaining gap of approximately 89,500 ETH.

Mantle, Stani Kulechov, EtherFi, Lido, and Golem have publicly committed to contributing a combined 43,500 ETH toward closing the gap. Kelp is working with these partners to formalize their contributions.

The protocol emphasized that rsETH holders remain the priority throughout the recovery process.

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