Aave has announced that Kelp DAO, a liquid staking protocol, has completed the second-to-last transfer of rsETH to the LayerZero escrow contract. The final batch is scheduled for delivery on Monday, which will fully restore the asset backing of rsETH. Aave also reported that the loan-to-value ratio for WETH has returned to pre-incident levels, with all markets functioning normally.
Aave Confirms Kelp DAO's Penultimate rsETH Transfer to LayerZero
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.