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|Legacy

Lido proposes 2

CN
Ignas | DeFi Research
Follow
3 hours ago
AI summarizes in 5 seconds.

Lido proposes 2,500 stETH to the rsETH relief fund.

Total hole is 112,204 rsETH unbacked (~$258M at current ETH price).

So we have:

- Arbitrum froze 30,766 ETH from the exploiter (~$71M)

- Lido 2,500 stETH (~$5.75M)

- Aave has $181M treasury: $62M ETH correlated, $52M stablecoins, $54M in AAVE (probably won't use it as it dumps price). So ~$114M realistically deployable?

No number committed yet.

Even if Aave puts up the full $114M, you're at $191M covered. Gap still ~$67M.

Not great not terrible.

Kelp and LayerZero caused this (whatever has more fault) but Aave suffers the most. Lido, too.

Kelp and L0 are yet to publicly committed $$$ but Kelp keeps posting some vague posts saying nothing at all. ugh.

And Lido only deploys if the fund is fully raised! There's still a gap.

If it isn't, their stETH isn't used and EarnETH ends up exposed to 9k ETH in losses.

@justinsuntron got some $67M USD to spare?


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