NEW: Lido DAO Proposes Contributing Up to 2,500 stETH to Aave-led Relief Fund g to Cover rsETH Shortfall Proposal: Lido's DAO would authorize a one-time contribution of up to 2,500 stETH to a collective relief fund being organized by Aave's team. Key conditions 👉 Lido's contribution only goes in if the relief fund is large enough to cover the entire deficit (not a partial fix that still leaves users exposed) 👉 The total shortfall is over 100,000 ETH, so Lido is one contributor among many 👉Any unused funds get returned to Lido's treasury 👉 The money can only be used to cover the rsETH shortfall itself Why Lido cares Lido has a product called EarnETH vault that has direct exposure to rsETH. If nothing is done, losses for users in that vault could reach up to around 9,000 ETH(The Defiant)