- RSETH+25Positive
Kelp (@KelpDAO)
We are excited to announce that the rsETH migration to @chainlink CCIP was completed on 5 October. rsETH now bridges between Ethereum and Base, Mantle, Ink, Linea and Optimism through CCIP.
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We are excited to announce that the rsETH migration to @chainlink CCIP was completed on 5 October. rsETH now bridges between Ethereum and Base, Mantle, Ink, Linea and Optimism through CCIP.
THE BLOCK: An unidentified Safe wallet user lost about $7.73 million worth of rsETH in an Ethereum exploit, according to Blockaid. The attacker used a public keeper multicall to target a custom Uniswap v4 liquidity provider module and route it into an attacker-created hooked pool.
⚠️Top 10 Security Incidents (January–June 2026) 1:KelpDAO, April 18, loss of approximately $292 million. The attacker exploited a verification flaw in the LayerZero-related cross-chain bridge validation flow, released a large amount of unbacked rsETH, and rapidly supplied it to protocols including Aave, Compound, Euler, and Fluid for borrowing and cashing out, ultimately evolving into a cross-protocol bad debt contagion event. 2:Drift Protocol, April 1, loss of approximately $285 million. The attacker obtained protocol administrative control by leveraging durable nonce, social engineering, and weaknesses in multisig governance, then introduced forged collateral assets and manipulated protocol parameters to drain a large amount of real assets from the protocol. 3:Step Finance, January 31, loss of approximately $40 million. The compromise of high-privilege devices and the treasury private key system resulted in significant asset losses. On February 24, the project announced it would cease operations. 4:Humanity Protocol, June 9, loss of approximately $31 million to $36 million. The root cause was improper management of private keys and multisig keys. After compromising critical devices, the attacker took over bridge administrative privileges and carried out fund transfers and abnormal minting across multiple chains. 5:Truebit, January 8, loss of approximately $26.6 million. The attacker exploited an integer overflow/pricing logic flaw in a legacy contract to mint a large amount of TRU at low cost and dump the tokens on the market, causing the token price to collapse rapidly. 6:Resolv Labs, March 22, loss of approximately $25 million. After obtaining high-privilege signing capabilities, the attacker exploited the lack of supply caps and ratio validation in the minting logic to mint approximately 80 million unbacked USR and cash them out. 7:SwapNet, January 25, loss of approximately $13.4 million. Its closed-source contract contained arbitrary-call / approval abuse risks. The attacker leveraged users' existing approved allowances to trigger malicious transferFrom calls and drained users' assets at scale. 8:Verus-Ethereum Bridge, May 18, loss of approximately $11.58 million. The cross-chain bridge failed to strictly verify whether the source-chain input amount matched the destination-chain release amount during the validation process. The attacker exploited this flaw to forge valid payloads and withdraw assets. 9:YieldBlox, February 22, loss of approximately $10.97 million. The attacker manipulated the price of USTRY in a low-liquidity market, causing the oracle to overestimate the collateral value, and then executed excessive borrowing from the Stellar lending pool. 10:THORChain, May 15, loss of approximately $10.7 million. A newly joined node operator exploited weaknesses in the GG20 threshold signature scheme, compromised a single vault, and withdrew assets across multiple chains, exposing the systemic risks of cross-chain signing infrastructure.
UPDATE @Aave restores $WETH borrowing limits across six networks, reversing emergency restrictions imposed after April's $292M @KelpDAO exploit, as more than 95% of unbacked $rsETH has been recovered.
On April 18, LayerZero's hosted infrastructure was exploited to forge a cross-chain message, draining 116,500 rsETH from the bridging adapter. Our core onchain and offchain infrastructure was not affected. As an interim security measure while we investigate a more secure cross-chain infrastructure, Kelp completed a full hardening pass across its current bridging infrastructure to prevent similar attacks. As of April 29, that work is done. What follows documents what changed and why it matters 🧵
UPDATE: DeFi United, a recovery fund spearheaded by @Aave after the @KelpDAO exploit, has raised ~$303M in commitments from across the ecosystem to make affected $rsETH holders whole.
Pleased to announce that @ethereumJoseph and @Consensys are joining the DeFi United recovery efforts with 30,000 ETH to fully back rsETH and help restore confidence in DeFi. This is substantial support in the spirit of strengthening the DeFi ecosystem. Grateful for the participation from the leading Ethereum stewards.
Kelp and @aave have been working closely with ecosystem partners since April 18 to coordinate a recovery effort for rsETH holders. We want to share some factual statements about where we are, progress made, and the next steps. @ether_fi @ethena @LidoFinance @golemproject @inkfndhq @tydrohq @Mantle_Official @fraxfinance and layerzero have each committed in best capacity. We greatly appreciate their contributions. More announcements to follow. The initial shortfall from the incident was 163,200 ETH. Kelp recovered 40,300 rsETH (~43,000 ETH), while the @arbitrum Security Council secured another 30,700 ETH. Following these recoveries, the remaining shortfall stands at approximately 89,500 ETH. Of that remaining gap, confirmed public commitments from Mantle, Stani, EtherFi, Lido, Golem total 43,500 ETH. Kelp has been in direct conversations with partners in this effort to formalize the contributions. rsETH holders come first, and that’s been our priority since day 1. We will continue sharing updates as further commitments are confirmed. DeFi United.
April 18 LayerZero Incident: Additional Context April 18 Incident: Additional Context On April 18, rsETH was drained from rsETH bridging adapter through a forged cross-chain message. We want to ensure users and partners have the complete picture as the broader post-incident review continues. What happened. Two RPC nodes hosted by LayerZero were compromised. A simultaneous DDoS attack was launched against the 3rd RPC node. This was an attack on LayerZero's infrastructure. Kelp's own systems were not involved in building or operating that infrastructure. Kelp’s response helped contain the situation Kelp detected the anomaly, paused all relevant contracts on Ethereum mainnet and L2s, blacklisted all wallets associated with the exploiter, and engaged SEAL-911. A subsequent attempt by the exploiter, leveraging a falsely verified phantom packet to target an additional 40,000 rsETH (~$95M), was fully mitigated by these interventions. On the DVN configuration The 1-of-1 DVN setup is the configuration documented in LayerZero's quickstart guide and shipped as the default for any new OFT deployment. Kelp has operated on LayerZero infrastructure since January 2024 and has maintained an open communication channel with the LayerZero team throughout. The question of DVN configuration came up during Kelp's L2 expansion, and defaults were affirmatively confirmed as appropriate at that time. Establishing a shared and accurate account of what happened is the foundation for making the right fixes together. The path forward Kelp’s priority is our users and preventing contagion across DeFi. We are working with all ecosystem partners to analyse the impact, rally support, and explore all avenues of mitigation. We are concurrently assessing the potential next steps regarding protocol unpausing, impact assessment, and the way forward, and working with Aave, LZ, and all other key stakeholders.
SCOOP: Kelp DAO is preparing a memo blaming LayerZero for Saturday's $292 million rsETH exploit, saying it relied on LayerZero's documentation, default configurations and team guidance when setting up the bridge. CoinDesk has reviewed the memo ahead of publication.
RECAP: @KelpDAO's LayerZero-powered bridge is drained of 116,500 $rsETH worth ~$292M, roughly 18% of circulating supply, in the largest DeFi exploit of 2026, triggering emergency freezes across @AaveAave, SparkLend and Fluid.
KELPDAO EXPLOIT: WHERE ARE THE FUNDS KelpDAO had $293.7M stolen in an attack by an entity believed to be the Lazarus Group. The attacker forged a cross-chain message by exploiting LayerZero’s DVN (Decentralized Verified Network) to fake a withdrawal of RSETH to Ethereum.
Due to the KelpDAO exploit, the attacker deposited $RSETH into #Aave to borrow $ETH, creating bad debt on #Aave. Many whales have already rushed to withdraw their $ETH from #Aave. $ETH Utilization Rate on Aave has now reached 100%.
KelpDAO was exploited, with ~$294M stolen! 🚨 The attacker minted 116,500 $RSETH ($294M). By selling $RSETH and using it as collateral to borrow $ETH, the attacker obtained 106,467 $ETH ($250M). https://intel.arkm.com/explorer/entity/cdbcc1e6-dd2b-4b6c-9112-17ca3eff7bd3
Kelp DAO rsETH Bridge Exploit Drains ~$292M, Aave Freezes rsETH Markets Kelp DAO’s rsETH cross-chain bridge was exploited, with approximately 116,500 rsETH drained via LayerZero-related contract calls, valued at about $292 million at current prices; the protocol paused core contracts, blocking further attempts, and is investigating with LayerZero and Unichain, while Aave has frozen rsETH markets and is assessing potential bad debt. https://x.com/KelpDAO/status/2045595819035046148?s=20
[Lido Earn Disclosure] The Lido Earn team is aware of the developing situation with the Kelp DAO exploit. earnETH has exposure to rsETH. As a precaution, further deposits into earnETH have been paused while the situation is assessed alongside relevant partners. We will share further updates as more details become available.
Epoch 4 of @arbitrum DRIP is live and rsETH isn’t slowing down. rsETH’s market cap on Arbitrum is up 78% and still climbing 🌊 New epoch, new opportunities. Stack extra ARB rewards across supported protocols. ⚓ http://arbitrumdrip.com/opportunities https://t.co/7P0qRFpwN3
Epoch 4 of @arbitrum DRIP is live and rsETH isn’t slowing down. rsETH’s market cap on Arbitrum is up 78% and still climbing 🌊 New epoch, new opportunities. Stack extra $ARB rewards across supported protocols. ⚓ http://arbitrumdrip.com/opportunities https://t.co/6iPrLwwKXE
Big day for @PlasmaFDN as the mainnet goes live with $2B+ liquidity and 100+ protocols right out of the gate! Kudos to the team for delivering on a massive scale. rsETH is in on the action from day one. 🌱 Here's how to get started 🧵 https://t.co/Y5Vv0Yikfo
Yet another pinkchain market! 🦄 rsETH just landed on @unichain with something different 🌱 Our newest rsETH <> ETH v4 dynamic hook pool on @Uniswap powered by @AegisMarkets, adjusts fees based on market conditions. The sweet part? You'll earn 3x Kernel Points while providing liquidity. 🤌 Ready to get started? Jump in! 🌊 https://t.co/tTo2LY8CQV
$25M+ and growing! 🌱 rsETH has gone full throttle on @unichain, becoming the fastest-growing LRT in the game and now the 2nd largest market on @MorphoLabs 🦋 Put your rsETH to work on the pinkchain 🦄 Earn: ✧ 2x Kernel Points ✧ 1x Programmatic EIGEN rewards Lend it. Loop it. Love it. Deposit now! ⚓ https://t.co/4xiBXt7jyH
Big news, rsETH holders! 🌱 rsETH just went live on @PolynomialFi for perp trading on the super chain. 🔴 Unlock a new way to leverage your restaked ETH. Let's dive in! 🧵 https://t.co/BKPLOkozN2
When we launched rsETH as the first liquid restaked token on Ethereum Mainnet, the market was nascent, just starting to pick up. We started from shipping Early Queue and Unpause Queue way back during the EigenLayer Cap days, then launched native restaking, rsETH on L2s and so on. Our $10M in funding helped us scale quickly. Today, one in five dollars in liquid restaking flows through Kelp.
Summer's coming in hot with pink sunsets and pink rewards! 🦄 rsETH is now live on @unichain via @MorphoLabs. 🦋 Ready to stack rewards? Here's the alpha. 🧵
Earn MOVE rewards with your rsETH! 🌱 We've secured significant MOVE incentives through @canopyxyz's DeFi Spring Wave Three to boost rsETH vault rewards. Here's where you can position your rsETH. 🧵 https://t.co/7HwOZC3AtQ
rsETH + @growcompound = expanding across chains. 🌱 Our LRT continues to gain traction in Compound's lending markets, offering multiple earning opportunities. Here's where you can supply rsETH today! 🧵 https://t.co/mI3dPeLJx9
rsETH now available on @unichain through @eulerfinance! 🛢️ Euler's efficient lending market brings rsETH liquidity to Unichain's growing ecosystem. 🌱 We've already hit the ground running with $300K+ TVL and ~3% reward rate in just days! What you'll earn: ⍛ 2x Kernel Points ⍛ 1x Programmatic EIGEN rewards Take advantage of Euler to build optimized strategies with your rsETH. Deposit now! ⚓ https://t.co/aRqKkqqwiB
Partner Spotlight: @sparkdotfi ✨ rsETH is now the number 1 LRT on Spark, reaching an incredible ~$36M in TVL, showcasing massive community confidence! Their innovative lending market has become a key infrastructure piece for rsETH liquidity, with impressive adoption across the ecosystem. Let's dive into the current opportunities. 🧵
Integration announcement 🌱 To further secure rsETH, we have decided to integrate @Chainlink Proof of Reserve (PoR) to enhance the security and reliability of rsETH minting and ensure rsETH maintains its position as high-quality collateral for DeFi. Chainlink PoR Secure Mint… https://t.co/pnetqGhyHm
What makes the @growcompound partnership special is their commitment to bringing liquid restaking to every major L1/L2, creating a consistent experience for rsETH holders across the ecosystem. By supplying rsETH to Compound, you're accessing a well-established lending protocol…
rsETH is making waves across top lending markets! 🌊 With ~$854M in total lending supply on the Ethereum mainnet, rsETH has become a cornerstone of DeFi lending. Let's explore where you can supply rsETH and the rewards you'll earn! 🧵 https://t.co/oYEVk2LRwb
@Balancer's composable liquidity design aligns perfectly with our vision for liquid restaking - creating efficient markets where rsETH can thrive across the multi-chain landscape. This partnership exemplifies how strategic collaborations can amplify value for both ecosystems.…
$25M+ TVL and counting! 🌊 Our rsETH <> ETH pool on @unichain has crossed $25M in TVL. LPs are actively earning from the $5M UNI rewards program while strengthening rsETH liquidity across the ecosystem. The future of restaking is here and it’s liquid. 🌱 🐠… https://t.co/OKUDROqLOW
rsETH is now live on @unichain! 🌊 LPs can now start earning from a share of $5M UNI incentives pool, designed to boost liquidity and reward restakers. 🧵 https://t.co/bY3ESllbik
5/ Ecosystem updates: 🐮 @CoWSwap has integrated Balancer v3 boosted pools 🐚 @KelpDAO rsETH <> WETH pool now has additional incentives 💫 A new @GyroStable pool has been launched on @gnosischain in collaboration w/ @karpatkey All this and more in our new weekly report below…
$rsETH is one of the only LRTs eligible for rewards on Swellchain. Bridge today to get double-digit APRs just for holding. app.swellnetwork.io/swellchain/lau… 🌊⛓️
$rsETH is coming to Swellchain! 🌊⛓️ Join Swell and @Cyborgxsoufia from @KelpDAO next Tuesday to celebrate our partnership and discuss the upcoming opportunity. 🕐 1 pm UTC 🗓️ Dec 17th x.com/i/spaces/1MYGN…
$rsETH is coming to Swellchain! 🌊⛓️ Join Swell and @Cyborgxsoufia from @KelpDAO next Tuesday to celebrate our partnership and discuss the upcoming opportunity. 🕐 Dec 17th 🗓️ 1 pm UTC x.com/i/spaces/1MYGN…
$rsETH holders get ready... Restakers with @KelpDAO are about to get early access to Swellchain! 🌊⛓️
It's time to RIZ up crypto! Radiant Innovation Zone is now LIVE on @arbitrum, opening the door to isolated markets & allowing users to unlock their holdings' full potential! The launch includes rsETH from @KelpDAO, ezETH from @RenzoProtocol, and ZRO from @LayerZero_Fndn, with…
ℹ️ New Market Alert The $rsETH token from @KelpDAO is now officially supported on Venus Ethereum Mainnet.
A new Governance proposal to add support for @KelpDAO new #rsETH market in the Liquid Staked ETH pool on Venus Mainnet has been published. 🗳️ app.venus.io/#/governance/p…
The Pyth Network is excited to release its RSETH/USD price feed. $RSETH, an LRT issued by @KelpDAO, aims to address the risks and challenges posed by the current offering of restaking. The Pyth RSETH/USD price feed is now available on more than 55 blockchains.
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