PANews
PANews|5月 21, 2026 07:54
[Kelp: agETH Vault to Reopen After rsETH Exchange Rate Update and Protocol Normalization] Kelp posted on Platform X that the agETH vault will reopen after the rsETH exchange rate is updated and the protocol returns to normal. During the suspension period, the agETH strategy was affected by the increased borrowing rates of underlying looping positions. The agETH to rsETH exchange rate has been updated, adjusted from 1 agETH = 1.0011445858154815 rsETH to 1 agETH = 0.996464817 rsETH, with a total impact of approximately 75 ETH. The decline in the exchange rate is primarily due to the negative interest spread caused by the borrowing costs of the rsETH looping strategy. The agETH vault is expected to reopen around 18:00 Beijing time on Thursday, allowing users to deposit and withdraw again. However, since most of the liquidity is deployed in the rsETH looping strategy, redemptions may still take approximately 15 to 18 days.
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