Wu Blockchain has learned that Lido stated that following the April 18 attack on the Kelp DAO cross-chain bridge, its EarnETH product has approximately 9% exposure (around $21.6 million) to rsETH through Aave leveraged positions. Currently, they are advancing measures for deleveraging and risk control, with the final loss depending on the resolution plans of Kelp, LayerZero, and Aave. If necessary, Lido DAO will utilize the approximately $3 million 'first-loss protection mechanism' to cover part of the losses. Deposits and withdrawals have been temporarily paused to assess the impact, and if progress is delayed, withdrawals may resume after setting a maximum write-down expectation. stETH and wstETH remain unaffected, and the core staking protocol is not involved in this incident. https://(wublock123.com)/news/lido-first-loss-protection-pauses-deposits-withdrawals-rseth-risk-59838