LayerZero CEO Addresses KelpDAO Allegations

LayerZero Labs co-founder and CEO Bryan Pellegrino has responded to recent controversies surrounding KelpDAO, stating that most accusations are "completely false." According to Odaily, Pellegrino explained that Kelp initially used the default MultiDVN or DeadDVN configuration. However, blockchain records indicate that on April 1, 2024, it was manually changed to a 1/1 configuration, despite official documentation repeatedly recommending a 2/3 setup for production environments. Pellegrino noted that the DeadDVN mechanism rejects transaction paths that are not correctly configured, preventing applications from running with default parameters. He emphasized that the LayerZero team had previously provided clear configuration advice to KelpDAO. Pellegrino also revealed that a comprehensive analysis report will be released once an external security company completes its verification.