Wu said that Lido stated that regarding the cross-chain bridge attack on Kelp DAO on April 18, its EarnETH product has approximately a 9% (about $21.6 million) exposure through Aave leveraged positions on rsETH. Currently, they are working on deleveraging and risk control measures. The final loss depends on the disposal plans of Kelp, LayerZero, and Aave; if necessary, about $3 million provided by Lido DAO as a "first-loss protection mechanism" will be used to cover part of the losses. At the same time, deposits and withdrawals have been suspended to assess the impact. If the resolution is delayed, withdrawals may be resumed after setting a maximum expected write-down. stETH and wstETH were not affected, and the core staking protocols were not involved in this incident.

AAVE-1.18%
STETH1.28%
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