Kelp DAO Recovers 73,700 ETH in rsETH Restoration Plan, 89,500 ETH Gap Remains

ETH-0.93%
AAVE2.07%
ARB2.34%
MNT1.94%

Gate News message, April 24 — Kelp DAO announced progress on its rsETH holder restoration plan since April 18, coordinating closely with Aave and ecosystem partners. The initial shortfall was 163,200 ETH. Kelp has recovered 40,300 rsETH (approximately 43,000 ETH), while the Arbitrum Security Council recovered 30,700 ETH, bringing total recovered funds to 73,700 ETH. The remaining gap stands at 89,500 ETH.

Public commitments totaling 43,500 ETH have been confirmed from Mantle, Aave founder Stani Kulechov, EtherFi, Lido, and Golem. Kelp prioritized rsETH holders and pledged to continue publishing updates on the restoration efforts.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Ethereum Network Generates $2.7M in 24h Fees, Outpacing Hyperliquid's $1.7M

Gate News message, April 24 — According to Artemis data, Ethereum generated $2.7 million in network fees over the past 24 hours, surpassing Hyperliquid's $1.7 million. The data reflects the relative transaction volumes and fee structures across the two networks during the

GateNews36m ago

Ethereum Funding Rate Turns Negative at -0.0015%, Gate Remains Positive at 0.0037%

Gate News message, April 24 — Ethereum's 8-hour average funding rate across major exchanges has turned negative at -0.0015%, according to Coinglass data. Among major centralized exchanges, funding rates vary: some major CEXs posted rates of -0.007% and -0.006%, while another recorded -0.0032%. Gate

GateNews38m ago

Bitmine Raises ETH Staking to 70% of Holdings With $320M Latest Push

Gate News message, April 24 — Bitmine, the largest Ethereum treasury company led by Tom Lee, staked approximately $320 million worth of ether over the past 24 hours, bringing its total staked holdings to over 70% of its overall position. The company moved roughly 75,600 ETH to a major CEX for

GateNews2h ago

Hyperliquid Trader neoyokio.eth Averages Down CHIP Position to $3.4M at $0.098

Gate News message, April 24 — Hyperliquid trader neoyokio.eth added to their 3x leveraged CHIP long position earlier today, increasing holdings from $2.2 million to $3.4 million with an average entry price of $0.098, according to Hyperinsight monitoring. The position is currently underwater by

GateNews4h ago

Ripple RLUSD Gains Wanchain Bridge Support Across XRPL, Ethereum, and Cardano

Gate News message, April 24 — Ripple's RLUSD stablecoin has expanded its cross-chain reach after Wanchain added bridge support for the asset. The integration enables RLUSD transfers across the XRP Ledger, Ethereum, Cardano, and Wanchain networks, creating multiple interoperability routes for users m

GateNews4h ago

Ethereum Spot ETF 10-Day Inflow Streak Ends With $75.936M Net Outflow

Gate News message, April 24 — Ethereum spot ETFs recorded a total net outflow of $75.936 million yesterday (April 23), ending a 10-day streak of consecutive net inflows, according to SoSoValue data. Grayscale Ethereum Mini Trust ETF (ETH) led inflows with $19.758 million in net deposits, bringing i

GateNews5h ago
Comment
0/400
No comments