Lido revealed that only its EarnETH vault was directly exposed to the Kelp incident, with about 9% of the vault's total value locked in rsETH affected. The core Lido staking protocol and other vaults remain unaffected. Approximately $70 million in ETH linked to the attack has been recovered so far. The EarnETH vault curator has paused deposits and withdrawals while working to reduce debt and manage lending market stress caused by the incident. A $3 million DAO-funded buffer is in place to cover potential losses after recovery. Other vaults continue normal operations, though some face lending market pressures. Further updates will follow as the resolution progresses.
Lido Finance has reintroduced its Integrated Fast Swaps feature, allowing users to instantly swap stETH into ETH, USDC, or WBTC via CoWSwap's batch auction system without waiting in Ethereum's traditional withdrawal queue. This feature completes tran...
Ethereum's Pectra upgrade raised the validator balance cap from 32 ETH to 2,048 ETH and introduced native compounding of staking rewards, aiming to reduce validator sprawl and improve efficiency. However, consolidation of validators is progressing sl...
