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Kelp DAO announces that rsETH cross-chain bridging has officially ended, with a one-year recovery window provided.
Deep Tide TechFlow news: On June 20, Kelp DAO announced that it has officially stopped rsETH cross-chain bridge services on 20 networks, but emphasized that user asset backing (backing) remains secure. If users fail to complete cross-chain operations before the deadline, they can retrieve their assets through the restoration process:
They must burn rsETH on the source chain, pay a fixed fee of 100 USDC on the Ethereum mainnet, and then submit the records of the two transactions to the official team via email. The project team will settle on a quarterly basis and transfer rsETH back to the Ethereum mainnet. For users in the Movement ecosystem, a separate processing flow will be used, but the asset security assurance mechanism will remain the same.
Kelp DAO reminds users that this restoration window will remain open until June 15, 2027. Users should submit requests only through this email address to avoid risk.