News

Lido
2026-07-23 18:05:14

Lido Offers $5.8M stETH to Kelp DAO After $292M Exploit

Lido DAO proposes sending 580,000 stETH ($5.8M) to aid Kelp DAO after a $292M hack that also caused $195M in bad debt on Aave. The recovery plan requires contributions from other stakeholders, reigniting DeFi security debates. JPMorgan warns institutional interest is waning.

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Lido Offers $5.8M stETH to Kelp DAO After $292M Exploit