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Kelp Unlikely to Distribute Losses Following $292 Million Exploit
The likelihood of Kelp DAO spreading the losses from the recent $292 million exploit across all users is low, according to a Polymarket contract, which gives a 14% chance of such an event. This mechanism, known as 'socializing the losses,' would involve redistributing the shortfall across all rsETH holders, including those on the Ethereum mainnet, rather than limiting the losses to users and prot…
April 22, 2026, 9:25 a.m.
Markets
Kelp Unlikely to Spread Losses Following $292 Million Exploit
The likelihood of Kelp DAO spreading the losses from the recent $292 million exploit to all users, rather than just those directly affected, appears low, according to Polymarket predictions, which give a 14% chance of such an event. This comes after attackers drained approximately 116,500 rsETH from a bridge, leaving parts of the system undercollateralized. 'Socializing the losses' would involve …
April 22, 2026, 9:25 a.m.
Markets
Kelp Unlikely to Share $292 Million Exploit Losses Across the Board
A recent prediction market suggests that Kelp DAO is unlikely to spread the losses from its $292 million exploit to unaffected users, with bettors giving it a mere 14% chance. The exploit, which occurred over the weekend, saw the theft of approximately 116,500 rsETH from a bridge backed by LayerZero, leaving parts of the system undercollateralized. This has resulted in some token holders effectiv…
April 22, 2026, 9:25 a.m.
Markets
Kelp Unlikely to Share $292 Million Exploit Losses Across Users
Following a $292 million exploit over the weekend, a Polymarket contract is indicating that Kelp DAO is improbable to distribute the losses beyond those immediately affected, with bettors assigning a mere 14% chance to such an event. The exploit, which drained approximately 116,500 rsETH from a LayerZero-powered bridge supporting the token across over 20 blockchains, has left parts of the system …
April 22, 2026, 9:25 a.m.
Markets
Market Participants Doubt Kelp's Plan to Absorb Losses Following $292 Million Hack
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April 22, 2026, 9:25 a.m.
Markets
Kelp Unlikely to Share Losses After $292 Million Hack
According to a Polymarket prediction, it is unlikely that Kelp DAO will distribute the losses from the recent $292 million hack beyond those directly impacted. Bettors have given a 14% chance of Kelp implementing a loss-sharing mechanism for rsETH holders across Ethereum and other chains. The hack, which occurred over the weekend, resulted in the theft of approximately 116,500 rsETH from a LayerZ…
April 22, 2026, 9:25 a.m.
Markets
Traders Doubt Kelp Will Distribute Losses Following $292 Million Exploit
Traders on Polymarket believe it is unlikely that Kelp DAO will spread the losses from the recent $292 million exploit to all users, with odds at 14%. The attack, which drained 116,500 rsETH from a LayerZero-powered bridge, has left parts of the system undercollateralized. 'Socializing the losses' would involve Kelp redistributing the shortfall across all rsETH holders, including those on Ethereu…
April 22, 2026, 9:25 a.m.
Markets
Kelp Unlikely to Share $292 Million Exploit Losses Across the Board
The likelihood of Kelp spreading the losses from its recent $292 million exploit to all users, rather than just those directly impacted, appears slim. According to a Polymarket contract, bettors are assigning a mere 14% chance to the protocol implementing a mechanism that would force rsETH holders on Ethereum, which was not directly affected, to share the financial burden with users on other chai…
April 22, 2026, 9:25 a.m.
Markets
Kelp Unlikely to Share Losses Following $292 Million Exploit
The recent $292 million exploit of Kelp DAO has raised questions about how the protocol will handle the resulting undercollateralized rsETH supply. According to a Polymarket contract, bettors are skeptical that Kelp will "socialize the losses" by implementing a mechanism to redistribute the losses across all rsETH holders, including those on the Ethereum mainnet. This approach, which would force …
April 22, 2026, 9:25 a.m.
Markets
Market Players Doubt Kelp's Ability to Absorb Losses Following $292 Million Exploit
None
April 22, 2026, 9:25 a.m.