Wu Shuo has learned that, according to an official announcement from Lido Finance, the EarnETH first-loss protection coverage plan for the Kelp security incident has passed a Snapshot vote. This means that losses incurred by EarnETH users will be fully covered by Lido Earn’s first-loss mechanism. Currently, as part of the “DeFi United” rescue plan, 2,500 stETH have been transferred; meanwhile, the attacker’s rsETH position on Aave has been liquidated, and the related collateral has been taken over by the Recovery Guardian. Lido said that once the Kelp protocol lifts the suspension, the EarnETH vault will resume access operations.

STETH-1.91%
AAVE-2.03%
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