Lido: 2,500 ETH Aave Assistance Proposal Vote Reaches Quorum, Execution Expected Next Week

On April 27, Lido updated the progress of the Kelp security incident on the X platform, disclosing that the 2,500 ETH assistance proposal contributed by Lido has passed the main voting phase and reached the quorum. Voting will conclude at 20:09 UTC on April 28, and final execution is expected to be completed next week. Meanwhile, Lido Earn, Mellow Protocol, and the Ethereum Foundation have reached a bilateral exchange agreement for approximately 21,269 aWETH and wstETH, helping the EarnETH treasury directly repay its WETH debt on Aave, reducing borrowing costs and improving treasury health. Additionally, Lido emphasized that stETH and wstETH were not affected by last week’s events, and the Lido staking protocol is operating normally.

ETH1.7%
AAVE-0.4%
STETH1.14%
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