Lookonchain APP

App Store

Lido DAO Proposal to Temporarily Lower EarnETH Treasury First Loss Protection Threshold to Cover Losses from Kelp Incident

2026.04.29 16:37:04

April 29: A new proposal landed on the Lido Research Forum, pushing for a temporary reduction to the EarnETH treasury’s first-loss protection threshold via DAO authorization amid the Kelp incident. Under current rules, Lido Earn’s protection only activates when treasury losses exceed 1% of holdings. But the proposal notes that if the rsETH shortage is resolved through DeFi United, actual losses may dip below that 1% threshold. To ensure EarnETH users get full compensation, the proposal recommends a one-time exception for this incident—allowing the first-loss fund to cover losses under the 1% mark. The current estimated remaining borrowing rate loss ranges from 400 to 600 ETH. The proposal emphasizes this is a one-time arrangement tied to user protection, brand reputation, and business needs, and won’t alter the general 1% rule. Since the rsETH incident is expected to wrap up in 5-10 days (and the standard voting window is 7 days), the proposal is time-sensitive.
Relevant content

Brad Lightcap, head of special projects at OpenAI, is set to depart.

According to a report from The Information, Brad Lightcap, head of special projects and former chief operating officer (COO) of OpenAI, is set to leave the company. Over the past year, Lightcap’s internal responsibilities at OpenAI have undergone multiple adjustments, with his latest role being leading "special projects". A long-time core member of OpenAI’s management team, Lightcap shifted from his COO position to lead special projects in early 2026 during an executive reshuffle, overseeing cross-company matters including complex transactions and strategic investments, and reporting directly to CEO Sam Altman. His departure comes as OpenAI continues to expand its commercialization efforts, advance enterprise business and strategic partnerships. The company has previously implemented multiple rounds of organizational restructuring, including transferring some COO responsibilities to other executives. Brad Lightcap joined OpenAI in 2018, and prior to that held roles at Y Combinator and JPMorgan Chase. He was one of the key operations and business leaders during OpenAI’s transition from a research institute to a commercial AI company.

10 minutes ago

Fed's Goolsbee: The biggest problem facing the economy is inflation

Federal Reserve's Goolsbee said that as long as consumption remains robust, the economy will stay healthy. The biggest problem facing the economy is inflation. (Jinshi)

10 minutes ago

Market News: ZoomInfo Data Now Integrated into Microsoft Copilot Studio

According to market reports, ZoomInfo data has now been integrated into Microsoft Copilot Studio, and is available for use in Microsoft 365 Copilot, Dynamics 365, Excel, and Word.

10 minutes ago

OpenAI Special Projects Lead Brad Lightcap to Step Down

According to a report from The Information, Brad Lightcap, OpenAI’s head of special projects and former chief operating officer, is set to leave the company.

10 minutes ago

US Energy Information Administration: The ongoing disruption to Middle East crude oil production, estimated at around 600,000 barrels per day, is expected to persist until the end of 2027.

The U.S. Energy Information Administration (EIA) forecasts that the ongoing disruption to Middle East crude oil production, at roughly 600,000 barrels per day, will persist until the end of 2027.

10 minutes ago

SpaceX's decline widened to 5%, hitting a new daily low.

According to market data from BIT (bit.com), SpaceX’s price drop has widened to 5%, currently trading at $131.97, hitting a new daily low.

10 minutes ago

Popular tokens

BitcoinEthereumHyperliquidSolanaTRONBNBTetherAaveXRPPepeFartcoinOndoJupiterUniswapBonkPendleEthenaArbitrumAvalancheLidoChainlinkPolygonDogecoinCardano