KelpDAO: 73,700 ETH Successfully Recovered, Remaining Shortfall of Approximately 89,500 ETH

On April 24, KelpDAO announced that since April 18, it has been closely collaborating with Aave within the ecosystem to coordinate fund recovery efforts for rsETH holders, while disclosing current progress and future plans. Projects including ether.fi, Ethena, Lido, Golem, Mantle, LayerZero, and others have committed to providing support to the best of their ability, with more announcements forthcoming. The incident’s initial shortfall was 163,200 ETH. To date, Kelp has recovered 40,300 rsETH (equivalent to roughly 43,000 ETH), and the Arbitrum Security Council has secured an additional 30,700 ETH. After these recoveries, the remaining shortfall is approximately 89,500 ETH. Of the remaining shortfall, public commitments from Mantle, Stani, EtherFi, Lido, Golem, and others total roughly 43,500 ETH. Kelp noted it is in further communication with relevant parties to finalize specific funding arrangements. rsETH holders remain a top priority, and more commitments and updates will be shared continuously going forward.