Wu Blockchain (@WuBlockchain): Lido reports $21.6M rsETH exposure, may deploy $3M loss buffer
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
Impact unavailable
Lido reports $21.6M rsETH exposure, may deploy $3M loss buffer Lido stated that its EarnETH product has approximately 9% exposure to rsETH (~$21.6 million) via leveraged positions on Aave following the April 18 Kelp DAO incident. Loss outcomes depend on actions by Kelp, LayerZero, and Aave. If necessary, Lido may deploy a ~$3 million first-loss protection mechanism funded by its DAO treasury. stETH and wstETH remain unaffected, and the core staking protocol is not involved. https://x.com/LidoFinance/status/2046250838192947479?s=20