Lido discloses the impact of the Kelp security incident: Approximately 9% of EarnETH exposure was affected, and the safety of core staked assets is at risk.

Lido released an update on the Kelp security incident, stating that the Earn series vaults are working with management to resolve the issues, which involve two major risks: rsETH exposure and liquidity constraints in the lending market. Lido emphasized that the core staking protocol was unaffected, and both stETH and wstETH remain safe and stable. Currently, only the EarnETH vault has approximately 9% TVL exposure in rsETH, and related deposits and withdrawals have been suspended by management pending a solution. Approximately $70 million worth of ETH lost in the attack has been recovered, and subsequent asset recovery and loss distribution are still underway. Regarding liquidity pressures, management has reduced leverage and optimized position structure, significantly reducing wETH debt exposure. If losses ultimately occur, EarnETH will activate a $3 million "first-loss protection mechanism" (borne by the DAO). As for other vaults, DVV and EarnUSD are unaffected and operating normally; the GGV sub-vault is currently experiencing negative returns due to a revolving staking strategy coupled with rising lending rates, but is undergoing ongoing adjustments. Users' previously submitted withdrawal requests will be processed based on the pre-event valuation.