KelpDAO said it has completed the operational phase of its rsETH recovery plan. This happens after the transfer of the last tranche of 20,373.72 rsETH in the OFT adapter of the protocol. It marked the final step in restoring confidence around the cross-chain supporting liquidity infrastructure.
In an update published on May 25KelpDAO said the transfer completed a broader replenishment process that took place approximately 116,000 rsETH supplemented in the past two weeks in the rsETH OFT adapter with Aave support.
The protocol added that coin, redemption and reward operations have been functioning normally since the system resumed operations following the disruption.
Dashboard shows backup rate above 100%
KelpDAO also pointed users to the live rsETH dashboard, which currently shows:
- a 100.01% $ETH support ratio,
- and full bridge lockbox coverage for both LayerZero and Chainlink infrastructure.
The figures are intended to strengthen the protocol’s claim that rsETH is fully supported since the system went off-interruption.
The dashboard update comes as liquid staking and redraw protocols in DeFi come under increasing scrutiny following multiple bridge, surveillance, and infrastructure-related incidents over the past year.
The integrity of the collateral across the chains becomes a central theme
The recovery process centered around the rsETH OFT adapter, which plays a key role in managing cross-chain liquidity and token movements across supported networks.
By replenishing the adapter and restoring bridge coverage metrics to 100%, KelpDAO appears to be focusing heavily on restoring confidence in the protocol’s solvency and amortization reliability.
Aave’s involvement in the refill process also highlights the increasingly interconnected nature of the major DeFi protocols during periods of operational stress.
Recovery efforts are shifting from operations to rebuilding trust
KelpDAO has described the latest handover as the end of the operational recovery phase. However, the broader challenge may now shift to rebuilding user confidence post-disruption.
In recent months, investors have become increasingly sensitive to:
- bridge protection,
- support transparency,
- and solvency issues in recapture and liquidation ecosystems.
Protocols have responded by placing greater emphasis on real-time backup dashboards, proof-of-backing systems, and publicly trackable recovery portfolios.
Final summary
- KelpDAO said it has completed the operational phase of its rsETH recovery after transferring the final 20,373.72 rsETH tranche to the OFT adapter.
- The protocol’s dashboard currently shows a 100.01% $ETH backing ratio and full coverage of the bridge lockbox.