Lido has approved EarnETH’s first loss protection, below the 1% threshold. After Kelp Protocol restores operations, the vault will reopen based on Lido. The Snapshot vote regarding EarnETH’s first “ultra-low loss protection mechanism below the 1% threshold” has been approved. User losses will be fully covered by Lido Earn’s first loss mechanism. The rsETH held by the attacker has been liquidated, and the proceeds have been transferred to the DeFi United Rescue Plan. It is expected that once the Kelp protocol resumes operation, the EarnETH vault will reopen soon, allowing users to resume deposits and withdrawals. Lido noted that during the freeze period, both the EarnETH and EarnUSD vaults continued to generate yields.

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