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Meanwhile on Polymarket.
Socializing losses = spreading the cost of the 116,500 rsETH accounting gap across all rsETH holders – rather than having one specific party absorb it.
The worst potential scenario.
When Kelp says "all rsETH on mainnet is fully backed," they are implicitly ruling out socialization, asserting that the core staking vaults are intact and the accounting gap will be covered by some other means.
Watching this closely.