Liquid staked Ether 2.0

24h change: -1.17%. From $2,309.09 to $2,282.16.

• Lido DAO voted to contribute up to 2,500 stETH, worth roughly $5.8 million, to the DeFi United relief fund addressing the rsETH shortfall from the Kelp DAO exploit. The proposal reached quorum 14 hours ago, with voting concluding April 29 and execution soon after. This multi-protocol effort aims to fully restore affected users' positions without bailouts.

24h change: -0.50%. From $2,326.23 to $2,314.65.

• The Ethereum Foundation initiated unstaking approximately 17,000 ETH, valued at around $49 million, through Lido Finance. This move comes as the foundation nears its target of 70,000 ETH staked. It has sparked discussions on potential market impacts, though the foundation manages its treasury routinely.
• Lido DAO proposed allocating up to 2,500 stETH, worth about $5.8 million, to cover losses from the Kelp DAO exploit. This one-time measure aims to support affected users without precedent for future claims. The proposal is under community vote.

24h change: +2.34%. From $2,304.48 to $2,358.41.

• Lido Labs has proposed that the DAO allocate up to 2,500 stETH to support a coordinated recovery effort for the rsETH backing deficit caused by Kelp DAO's $292 million exploit. This one-time contribution would join other DeFi protocols' pledges to minimize ecosystem-wide impacts. stETH remains secure and fully functional. The move highlights growing collaboration in DeFi risk management.
• Aave, Kelp, and LayerZero have requested the Arbitrum DAO release $71 million in frozen ETH to aid the rsETH recovery following the exploit. This builds on pledges like Lido's stETH contribution and others totaling significant support. The effort aims for an orderly resolution amid liquidity challenges. It underscores cross-chain and L2 coordination in DeFi crises.

24h change: +0.02%. From $2,310.18 to $2,310.63.

• Lido Labs has proposed that the DAO allocate up to 2,500 stETH to support a coordinated recovery effort for the rsETH backing deficit caused by Kelp DAO's $292 million exploit. This one-time contribution would join other DeFi protocols' pledges to minimize ecosystem-wide impacts. stETH remains secure and fully functional. The move highlights growing collaboration in DeFi risk management.
• Aave, Kelp, and LayerZero have requested the Arbitrum DAO release $71 million in frozen ETH to aid the rsETH recovery following the exploit. This builds on pledges like Lido's stETH contribution and others totaling significant support. The effort aims for an orderly resolution amid liquidity challenges. It underscores cross-chain and L2 coordination in DeFi crises.

24h change: +0.16%. From $2,304.97 to $2,308.73.

• Lido Labs proposed that the DAO allocate up to 2,500 stETH worth $5.8 million to a coordinated recovery fund. This addresses the rsETH backing deficit from Kelp DAO's $292 million LayerZero exploit, which exceeds 100,000 ETH. The effort involves multiple protocols to avert liquidations and stabilize DeFi positions linked to stETH.