Kelp DAO has officially announced the conclusion of the operational phase of its rsETH recovery plan, marking a significant milestone in restoring the liquid restaking token's cross-chain infrastructure. Following a coordinated effort with the Aave protocol, the project successfully replenished the OFT (Omnichain Fungible Token) adapter with the final batch of assets. This recovery ensures that liquidity and bridge operations for rsETH holders remain fully functional across supported blockchain networks.
Final Phase of Asset Replenishment
On May 26, 2026, Kelp DAO confirmed via social media that the final installment of 20,373.72 rsETH was transferred to the rsETH OFT adapter. This transaction concludes a two-week intensive recovery window during which Kelp and Aave worked in tandem to stabilize the ecosystem. In total, approximately 116,000 rsETH has been replenished to the adapter, addressing previous liquidity imbalances and ensuring the technical robustness of the LayerZero-based OFT standard.
- Total rsETH replenished: ~116,000 tokens
- Final batch amount: 20,373.72 rsETH
- Operational duration: 14 days
- Primary partners: Aave and Kelp DAO
Restoration of Core Protocol Services
With the completion of the recovery plan, Kelp DAO reported that all fundamental operations have returned to a state of normalcy. The rsETH token functions as a liquid restaking solution that allows users to earn rewards from multiple networks simultaneously via EigenLayer. The project verified that the following services are now operating without interruption:
- Minting: Users can deposit liquid staking tokens (LSTs) to receive rsETH.
- Redemption: The process for withdrawing underlying collateral is fully active.
- Rewards: Distribution of restaking incentives is proceeding according to protocol parameters.
Over the past two weeks, Aave and Kelp have replenished approximately 116,000 rsETH to the rsETH OFT adapter. Since resuming operations, rsETH minting, redemption, and reward operations have been functioning normally.
The successful execution of this recovery plan reinforces the stability of the liquid restaking (LRT) sector, which has become a cornerstone of the modern DeFi landscape. By ensuring the rsETH OFT adapter is fully funded, Kelp DAO maintains the seamless movement of restaked assets between different Ethereum Layer 2 environments. Users and stakeholders can monitor the live status of the protocol and asset backing through the project's official tracking page, which provides real-time transparency regarding rsETH support levels.
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