BlockBeats News, May 7th, Lido Finance has released an update on the KelpDAO attack. On April 29th, the Lido DAO voted to make a one-time donation of 2,500 stETH to the DeFi United relief fund for the rsETH incident. The stETH has been officially transferred last week. On May 6th, Aave settled the attacker's rsETH position according to the established recovery plan on Ethereum and Arbitrum, and the collateral post-settlement has been handed over to the Recovery Guardian for safekeeping, with no impact on other users.

On May 7th, the Lido Snapshot vote has reached the required majority, formally approving full coverage under the EarnETH first loss protection mechanism when the loss rate is below 1%. All losses incurred by EarnETH users will be fully covered by the Lido Earn mechanism. The EarnETH treasury operations are expected to resume immediately after the Kelp protocol unpause, with a brief waiting period for user fund unfreezing; during this period, both the EarnETH and EarnUSD treasuries will continue to generate yield. Lido appreciates the community's patient support and will provide further updates on progress.