source avatarTreehouse

Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy

Following the reported rsETH security incident, the team has reviewed exposure across the tETH strategy. Treehouse does not have direct exposure to rsETH within the strategy, and no impact to user deposits has been identified. Other tAssets are not impacted. The strategy remains insulated from rsETH depeg risk. Treehouse also uses @chainlink CCIP for bridging and is not connected to the @LayerZero_Core infrastructure involved in the incident. All collateral remains fully backed and can be independently verified onchain via our Proof of Reserves dashboard: https://t.co/0g9BmdqSXg MEY is expected to be negative today due to a spike in borrow rates across lending markets following the incident. As a precaution while market conditions stabilise, normal and fast track redemptions have been temporarily paused. We are continuing to monitor potential secondary effects across lending markets and are optimizing strategy positioning as conditions evolve. 🌳

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.