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Lido proposes 2,500 stETH to the rsETH relief fund.
Total hole is 112,204 rsETH unbacked (~$258M at current ETH price).
So we have:
- Arbitrum froze 30,766 ETH from the exploiter (~$71M)
- Lido 2,500 stETH (~$5.75M)
- Aave has $181M treasury: $62M ETH correlated, $52M stablecoins, $54M in AAVE (probably won't use it as it dumps price). So ~$114M realistically deployable?
No number committed yet.
Even if Aave puts up the full $114M, you're at $191M covered. Gap still ~$67M.
Not great not terrible.
Kelp and LayerZero caused this (whatever has more fault) but Aave suffers the most. Lido, too.
Kelp and L0 are yet to publicly committed $$$ but Kelp keeps posting some vague posts saying nothing at all. ugh.
And Lido only deploys if the fund is fully raised! There's still a gap.
If it isn't, their stETH isn't used and EarnETH ends up exposed to 9k ETH in losses.
@justinsuntron got some $67M USD to spare?