X @Wu Blockchain
Wu Blockchain·2026-04-20 23:02
Lido reports $21.6M rsETH exposure, may deploy $3M loss bufferLido 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.https://t.co/Kb3iFbnJ1N ...