Urgent: Kelp DAO Pauses After Alarming Bug Causes Excess rsETH Minting

Quick Summary:

The world of decentralized finance (DeFi), particularly the burgeoning sector of Ethereum restaking, saw a significant development recently when Kelp DAO, a prominent liquid restaking protocol, announced a temporary halt to its operations.

This is a significant point of reassurance for users participating in Ethereum restaking through Kelp DAO.

While the specifics of the bug are still being detailed as the team works on a fix, the core problem revolves around the mechanism responsible for calculating and distributing fees, which inadvertently triggered the over-minting of rsETH.Why the Pause?

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Article Details

Author / Journalist: Editorial Team

Category: Crypto

Markets: India

Topics: ETHEREUM DeFi. Kelp DAO Restaking Crypto News RsETH

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-30 @ 18:10:35 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 605 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 28301905

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