
$DOG GO TO THE MOON
13.3K posts

$DOG GO TO THE MOON
@elitkripto
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Kelp and Aave have successfully completed a series of steps for rsETH backing, including burning the exploiter’s rsETH on Arbitrum. 117,132 rsETH will be progressively refilled from Aave Recovery Guardian and Kelp Recovery Safe into the LayerZero OFT adapter on mainnet over the next two weeks. rsETH on Mainnet and L2s remains fully backed at all times. Kelp will unpause withdrawals, tentatively within 24 hours, after the first tranche to the LayerZero OFT adapter. All rsETH operations - deposits, redemptions, bridging, and claims - will resume as usual after contracts are unpaused. Last week, we completed a security hardening pass across all LayerZero bridging configurations: verification now requires 4 independent attestors, block confirmations have been raised from 42 to 64, and all L2-to-L2 routes have been deprecated. These changes have been audited by BailSec. We are in the process of migrating to CCIP for further strengthened cross-chain bridging. Thanks to the @aave team and our DeFi United partners for being the cornerstone of this recovery.



Liquidity on @aave is now back at normal levels. On Core Market, WETH has $448M available and USDC and USDT combined have $400M liquidity. Utilization is back in the 89-92% range across all three. Across other major reserves, utilization is also back to healthy levels.




Say solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u (Bitcoin) and flip DOGE in most X mentions 🗣️




solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u (Bitcoin) is very close to flipping DOGE in most X mentions 😱







