Community-Backed Aid Proposal Clears Major Hurdle
In response to the recent Kelp security incident, a community-driven proposal to allocate 2,500 ETH for assistance has successfully passed its major voting phase. Having met the required quorum, the voting period concluded at 20:09 UTC on April 28. This community endorsement signals the proposal's transition to the final execution stage, with implementation anticipated within the coming week.
Ecosystem Collaboration to Strengthen Financial Position
Parallel to the aid proposal, a collaborative effort within the ecosystem aims to address broader implications. Lido Earn, Mellow Protocol, and the Ethereum Foundation have entered into a bilateral swap agreement involving approximately 21,269 aWETH and wstETH. The primary objective of this move is to facilitate the direct repayment of WETH debt held by the EarnETH treasury on the Aave protocol. This strategy is designed to substantially reduce borrowing costs and enhance the overall health and capital efficiency of the treasury.
Core Staking Protocols Remain Unaffected and Operational
Lido has explicitly confirmed that its core staking tokens, stETH and wstETH, were not directly impacted by last week's event. All related smart contracts are functioning normally, ensuring the safety of user assets. The Lido staking protocol continues to operate with stability and reliability.
- 2,500 ETH aid proposal passes quorum, execution scheduled for next week.
- Ecosystem swap of over 21,000 tokens targets debt cost reduction.
- Core staking assets (stETH, wstETH) secure and protocols operational.