Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Lido: rsETH risk exposure is approximately $21.6 million, and a $3 million first-loss protection will be activated if necessary.
Mars Finance reports that Lido posted on the X platform stating that its EarnETH vault was affected by the theft of 116.5k rsETH (approximately $292 million) from the Kelp DAO cross-chain bridge on April 18. EarnETH holds about $21.6 million worth of rsETH risk exposure through leveraged positions of rsETH/ETH on Aave, accounting for roughly 9% of the vault’s total assets. The EarnETH team is actively deleveraging to reduce risk, with the outcome depending on the final decisions by Kelp, LayerZero, and Aave regarding loss sharing and bad debt handling. Lido further stated that EarnETH has a $3 million “first-loss protection mechanism” funded by the Lido DAO treasury, which will be used to cover losses if necessary. Currently, the vault has suspended redemption processing to assess the losses. This incident does not affect stETH and wstETH, and the Lido core staking protocol was not involved.