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Apr 24, 2026

Lido and Multiple DeFi Protocols Pledge Up to $43,000 ETH to Restore Kelp DAO Backing

Mantle, EtherFi Foundation, Golem Foundation, Lido DAO, Ethena, LayerZero, Ink Foundation and Tyrdo pledged combined 43,000 ETH to 'DeFi United' recovery effort to restore rsETH backing following the $292 million Kelp DAO exploit.

Apr 24, 2026·3 sources
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Top claims

  • ▪The KelpDAO exploit was the biggest crypto exploit of the year as of April 23, 2026.
  • ▪Arbitrum's security council froze 30,766 ETH, worth roughly $71 million, tied to the KelpDAO exploit earlier in the week of April 23, 2026.
  • ▪The DeFi United effort focuses on stabilizing the system with a coordinated bailout to recapitalize rsETH and mitigate losses rather than clawing back funds.

Topics

EthereumDeFiLiquid Staking

Related entities

rsETHETH

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