According to ME News, on May 23 (UTC+8), Aave officially stated that the liquid staking protocol Kelp DAO has sent the second-to-last batch of rsETH to the LayerZero escrow contract for rsETH. The remaining portion will be sent on Monday, fully restoring the asset backing of rsETH. Aave noted that the loan-to-value ratio for WETH has been restored to pre-incident levels, and all markets are currently operating normally. (Source: MLion)
Aave Announces Kelp DAO Sends Second-to-Last Batch of rsETH
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Summary
Aave announced on May 23 (UTC+8) that Kelp DAO has transferred the second-to-last batch of rsETH to the LayerZero lock contract. The remaining amount will be transferred on Monday, restoring full rsETH support. On-chain data shows WETH loan-to-value ratios have returned to pre-event levels. With altcoins to watch gaining attention, Aave reports all markets are now operating normally.
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