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rsETH recovery efforts are progressing as Kelp coordinates closely with Aave and several ecosystem partners. The protocol confirmed an initial shortfall of 163,200 ETH following an incident on April 18. Through combined efforts, Kelp recovered approximately 43,000 ETH, and the Arbitrum Security Council secured 30,700 ETH. The remaining gap now stands at roughly 89,500 ETH, with 43,500 ETH in confirmed partner commitments already in place.
Kelp and Aave began working closely together on April 18 to address the rsETH recovery situation. The coordination drew in multiple DeFi protocols and key ecosystem contributors across the space. The incident prompted an immediate joint response to limit the financial impact on rsETH holders, and the parties have worked steadily toward narrowing the gap created by the incident.
Kelp recovered 40,300 rsETH, equivalent to approximately 43,000 ETH, through direct action. Separately, the Arbitrum Security Council stepped in and secured an additional 30,700 ETH on its end. Together, these recoveries reduced the total shortfall considerably from the original figure.
Following these two recoveries, the remaining outstanding balance dropped to approximately 89,500 ETH. KelpDAO said: “rsETH holders come first, and that’s been our priority since day 1.”
The protocol confirmed all recovery figures through an official public statement on social media. The post also noted: “We will continue sharing updates as further commitments are confirmed.” Kelp’s approach has emphasized open communication with the community throughout the recovery process.
Kelp and Aave have been working closely with ecosystem partners since April 18 to coordinate a recovery effort for rsETH holders. The protocol said it intends to share factual statements about progress and next steps as additional commitments are confirmed.
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