Wu said that according to a post from Aave, the ecosystem alliance DeFi United has released a technical implementation plan to restore support for KelpDAO rsETH, in response to the cross-chain bridge security incident on April 18 that caused 116,500 rsETH to be unexpectedly released from the Ethereum side adapter.


The plan mainly includes two parts: first, using the committed ETH funds to gradually exchange for rsETH and transfer into the affected staking contracts to restore rsETH collateral support; second, through governance proposals, temporarily adjusting the rsETH oracle price to clear the attacker’s rsETH collateral positions on Aave and Compound via a controlled liquidation process, and redeeming the recovered rsETH for ETH to cover the market gap.
During this operation, WETH and rsETH markets on multiple chains will remain frozen until the security risk is eliminated and normal operation is restored.
ETH-1.93%
AAVE1.05%
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