Lido reports $21.6M rsETH exposure, may deploy $3M loss buffer

Lido stated that its EarnETH product has approximately 9% exposure to rsETH (~$21.6 million) via leveraged positions on Aave following the April 18 Kelp DAO incident. Loss outcomes depend on actions by Kelp, LayerZero, and Aave. If necessary, Lido may deploy a ~$3 million first-loss protection mechanism funded by its DAO treasury. stETH and wstETH remain unaffected, and the core staking protocol is not involved.
#KelpDAOFacesAttack $LDO

LDO

0.3815

-0.02%