Kelp DAO and Aave to Resume rsETH Operations; 117,132 rsETH to Be Progressively Refilled Over Two Weeks

According to Kelp DAO, on Tuesday the protocol announced it will resume rsETH operations in the coming days following the April 18 exploit that resulted in a $292 million loss. Kelp will progressively refill 117,132 rsETH—the amount stolen—from its Recovery Safe into the LayerZero OFT adapter on mainnet over the next two weeks, with withdrawals unpausing tentatively within 24 hours after the first tranche.

Kelp completed security upgrades across LayerZero bridging configurations, including raising the number of required independent attestors from one to four, increasing block confirmations from 42 to 64, and deprecating all L2-to-L2 routes. The protocol is also migrating to Chainlink's CCIP from LayerZero. Aave confirmed that recovery plan's first steps are complete, including burning the exploiter's rsETH on Arbitrum, with operations to resume as announced by Kelp.