Kelp Ends rsETH Bridging and Opens Recovery Window Until June 15, 2027

Kelp Ends rsETH Bridging and Opens Recovery Window Until June 15, 2027

N
News Editor
2026-06-20 08:20:58
KelpDAO said rsETH bridging across 20 networks was sunset on June 15. Users who missed the deadline can burn rsETH on the source chain, pay a flat 100 USDC fee on Ethereum mainnet, email both transactions to the official channel, and wait for quarterly settlement that sends rsETH back to Ethereum.
KelpDAOrsETHCross-chain BridgeEthereumMovement

KelpDAO announced on X that rsETH bridging on 20 networks was sunset on June 15. In the same post, the project stated that users’ backing is safe and that users who missed the deadline can still follow a recovery process. The message came from the official KelpDAO account, Kelp@KelpDAO, and the post timestamp shown in the source is 19:04 on June 19, 2026. The post page also displayed 1289 Views and a Read 4 replies prompt.

rsETH bridging on 20 networks has been sunset

The main operational change in KelpDAO’s notice is that rsETH bridging across 20 networks has already been discontinued. The post does not list the names of the 20 networks one by one, and it does not provide a separate status update for each network. Instead, KelpDAO’s message focuses on the completed sunset of the bridging service and the recovery path available to users who did not act before the deadline.

KelpDAO used the phrase “Your backing is safe” in the announcement. The post does not add any other market commentary, new bridging schedule, redemption ratio, or compensation plan. Its scope is limited to the sunset of rsETH bridging, the safety statement regarding backing, and the procedure for users who need to recover after missing the cutoff.

Recovery requires burning rsETH, paying 100 USDC, and emailing both transactions

For users who missed the deadline, KelpDAO described the recovery process as simple and provided specific steps. The user must burn their rsETH on the source chain. The user must also pay a flat 100 USDC fee on Ethereum mainnet. After completing both actions, the user must email KelpDAO both transactions: the burn transaction from the source chain and the 100 USDC payment transaction on Ethereum mainnet.

KelpDAO said it will settle quarterly and send the user’s rsETH back to Ethereum. The word “quarterly” sets the settlement rhythm as a quarterly process rather than an immediate return after the email is sent. The post does not state the exact dates of each quarterly settlement batch, nor does it provide an estimated arrival time for each individual recovery request.

The 100 USDC fee is the only fee amount given in the post, and KelpDAO described it as a flat fee. The announcement also specifies that this fee is paid on Ethereum mainnet. The source text does not say that the fee varies by network, by amount, or by number of applications. Based on the announcement, the standard recovery path consists of two required on-chain actions followed by an email submission and quarterly settlement.

Movement users have a separate process with the same guarantee

KelpDAO also addressed Movement users separately. The post states: “Movement users: separate process, same guarantee. Details in the guide.” This means Movement users are not directed to rely only on the standard process described in the tweet, while the guarantee referenced by KelpDAO remains the same. The tweet itself does not provide the full Movement-specific step-by-step instructions and instead points users to the guide.

The recovery window is explicitly stated to remain open until June 15, 2027. This gives users one year after the June 15 sunset date to use the recovery window described by KelpDAO. The announcement also emphasizes that there is one official channel: [email protected]. Users are instructed to send both transactions to that official channel.

KelpDAO included a full guide link at the end of the post, shown in the source as blogs.kerneldao.com/blog/recoverin…. The guide is referenced as the place for complete recovery details, especially for the separate Movement-user process. From the information in the post, the confirmed facts are that rsETH bridging on 20 networks was sunset on June 15, the recovery window remains open until June 15, 2027, the standard recovery flow requires burning rsETH on the source chain, paying a flat 100 USDC fee on Ethereum mainnet, emailing both transactions, and waiting for quarterly settlement that returns rsETH to Ethereum.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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