PANews reported on May 7th that Lido tweeted that , regarding the EarnETH incident related to the Kelp protocol , the Lido community has approved a snapshot vote to activate the first-loss protection mechanism for EarnETH positions when losses fall below a 1% threshold . This mechanism will fully cover EarnETH user losses. Previously, Lido transferred 2,500 stETH to the " DeFi United " rsETH rescue plan; in conjunction with the Aave recovery plan, the attacker's rsETH positions on Aave have been liquidated, and the liquidated collateral has been transferred to Recovery Guardian . Lido stated that the EarnETH vault will resume normal deposit and withdrawal as soon as the Kelp protocol is unsuspended, and EarnETH and EarnUSD vault yields will continue to accumulate during this period.
Lido's activation mechanism fully covers EarnETH users' losses, and the Kelp incident is entering its final stage.
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Author: PA一线
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