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KelpDAO Completes rsETH Recovery Plan, Adds 116,000 rsETH to OFT Adapter

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On-chain news outlet Blockbeats reported on May 26 that KelpDAO has completed the operational phase of the rsETH recovery plan, with the final 20,373.72 rsETH transferred to the OFT adapter. Over the past two weeks, Aave and KelpDAO added approximately 116,000 rsETH to the adapter. Minting, redemption, and reward functions have resumed normally, and rsETH remains fully collateralized. This update provides fresh crypto news for DeFi participants monitoring token recovery efforts.

BlockBeats report: On May 26, KelpDAO announced that the final batch of 20,373.72 rsETH was transferred to the rsETH OFT adapter earlier today, marking the official completion of the operational phase of the rsETH recovery plan.


Over the past two weeks, Aave and Kelp have collectively added approximately 116,000 rsETH to the rsETH OFT adapter. Since resuming operations, the minting, redemption, and rewards functions of rsETH have fully returned to normal, and rsETH has maintained full collateralization since recovery.

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