The post Lido’s $3M First-Loss Buffer Faces Its First Real Test After Kelp Security Breach appeared first on Coinpedia Fintech News
A security incident at Kelp, a liquid restaking protocol, has sent ripple effects through decentralised finance, catching one of Lido Finance’s yield vaults in the crossfire. Lido has paused deposits and withdrawals on its EarnETH vault while it works through two separate but connected problems: direct exposure to a compromised asset and a liquidity squeeze spreading across lending markets.
The Exposure
Of Lido’s EarnETH vault, roughly 9% of total assets are tied to rsETH, the token at the centre of the Kelp incident. That is not a majority stake, but it is enough to trigger a pause while curators work out exactly how much, if any, has been lost.
The Arbitrum Security Council has already recovered around $70 million in ETH connected to the attack. Further recovery efforts are ongoing, but the final accounting on losses has not yet been s
We współpracy z: https://coinpedia.org/news/lidos-3m-first-loss-buffer-faces-its-first-real-test-after-kelp-security-breach/
