Aave restores WETH borrowing power across six V3 markets after rsETH recovery steps
𝕏/@aave •
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Promote with Leviathan NewsAave says WETH LTVs on V3 Ethereum Core, Ethereum Prime, Arbitrum, Base, Mantle, and Linea are back at pre-incident levels under the rsETH recovery plan. WETH now operates normally across the affected deployments, which means Aave has unwound the emergency risk posture around the rsETH incident without keeping core ETH collateral markets constrained.
TLDR by @Benthic
More on $rsETH
Aave details April's rsETH bridge exploit that forged a LayerZero message, releasing 116,500 unbacked rsETH and triggering a DeFi-wide recovery effort that secured over $300M in commitments
𝕏/@aave ·
Aave reveals KelpDAO has transferred the second-to-last rsETH batch to the LayerZero lockbox, with full collateral backing expected to be restored Monday
𝕏/@aave ·
KelpDAO is shutting down rsETH bridging support across 19 networks, urging users to return assets to Ethereum mainnet before the June 15 deadline
𝕏/@KelpDAO ·
Kelp DAO resumes rsETH deposits and withdrawals after restoring full backing
𝕏/@KelpDAO ·
Kelp team to conduct rsETH contract operations with Aave over next 24 hours. No user action needed; await official updates.
𝕏/@KelpDAO ·
Aave liquidates Kelp DAO attacker’s remaining rsETH positions via governance-led oracle adjustment, securing collateral as part of $292M exploit recovery plan
The Block ·
Aave details April's rsETH bridge exploit that forged a LayerZero message, releasing 116,500 unbacked rsETH and triggering a DeFi-wide recovery effort that secured over $300M in commitments
𝕏/@aave ·
Aave reveals KelpDAO has transferred the second-to-last rsETH batch to the LayerZero lockbox, with full collateral backing expected to be restored Monday
𝕏/@aave ·
KelpDAO is shutting down rsETH bridging support across 19 networks, urging users to return assets to Ethereum mainnet before the June 15 deadline
𝕏/@KelpDAO ·
Kelp DAO resumes rsETH deposits and withdrawals after restoring full backing
𝕏/@KelpDAO ·
Kelp team to conduct rsETH contract operations with Aave over next 24 hours. No user action needed; await official updates.
𝕏/@KelpDAO ·
Aave liquidates Kelp DAO attacker’s remaining rsETH positions via governance-led oracle adjustment, securing collateral as part of $292M exploit recovery plan
The Block ·