Lido's official update on the latest developments regarding the Lido Earn vault and the Kelp incident. Lido emphasizes that the Lido staking protocol itself remains unaffected, and both stETH and wstETH are secure. Regarding the Lido Earn vault: 1. Only EarnETH has exposure to rsETH, accounting for about 9% of its TVL, and redemptions for this vault have been temporarily suspended. 2. If losses are ultimately incurred, a $3 million 'first-loss protection mechanism' funded by the Lido DAO treasury will be activated, compensating through the burning of DAO-held shares. 3. To address the spike in borrowing rates caused by liquidity tightening, curators are actively deleveraging. 4. The Lido DVV, GGV, and EarnUSD vaults have no exposure to rsETH. https://www.(wublock123.com)/news/news-60027