Kelp rsETH Recovery Makes Progress, Remaining Gap Around 89,500 ETH

Gate News message, April 24 — KelpDAO announced progress on rsETH holder recovery efforts since April 18, working with Aave and ecosystem partners. The initial shortfall was 163,200 ETH; Kelp has recovered 40,300 rsETH (approximately 43,000 ETH equivalent), while the Arbitrum Security Council secured an additional 30,700 ETH, leaving a remaining gap of approximately 89,500 ETH.

Mantle, Stani Kulechov, EtherFi, Lido, and Golem have publicly committed to contributing a combined 43,500 ETH toward closing the gap. Kelp is working with these partners to formalize their contributions.

The protocol emphasized that rsETH holders remain the priority throughout the recovery process.