$LDO takes a hit as Lido says its EarnETH treasury was exposed to the Kelp DAO bridge theft, with the team now deleveraging and pausing redemptions while Kelp, LayerZero, and Aave work through loss-sharing and default handling. The key buffer is the $3 million first-loss protection from the Lido DAO treasury, while stETH and wstETH remain unaffected because the core staking protocol was not involved.

This is the kind of event where liquidity gets cautious fast: a small slice of leverage can still force a big reposition when the market starts pricing in who eats the loss. Traders will be watching whether the treasury stabilizes cleanly or if the unwind keeps pressure on sentiment around $LDO.Not financial advice. Manage your risk and protect your capital.

#Lido #LDO #DeFi #Ethereum #Crypto

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