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Traders Doubt Kelp's Ability to Absorb Losses Following $292 Million Exploit
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April 22, 2026, 9:25 a.m.
Markets
Market Predicts Kelp Will Not Absorb Losses Following $292 Million Exploit
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April 22, 2026, 9:25 a.m.
Markets
Traders Doubt Kelp Will Share $292 Million Exploit Losses
Following a $292 million exploit over the weekend, a Polymarket contract indicates that bettors believe it is unlikely Kelp DAO will spread the losses beyond those directly impacted. The probability of such an event is currently set at 14%. This comes as the protocol grapples with how to address the undercollateralized rsETH supply resulting from the attack. The exploit, which drained approximate…
April 22, 2026, 9:25 a.m.
Markets
Traders Doubt Kelp Will Share Exploit Losses After $292 Million Hack
According to a Polymarket contract, it is unlikely that Kelp DAO will distribute the losses from the recent $292 million exploit beyond those directly impacted. Bettors have given a 14% chance of Kelp implementing a loss socialization mechanism, which would force rsETH holders on Ethereum to share the losses with users on other chains. The exploit, which drained approximately 116,500 rsETH from a…
April 22, 2026, 9:25 a.m.
Markets
Kelp Unlikely to Share Losses Following $292 Million Exploit
Following the $292 million exploit over the weekend, a Polymarket prediction market indicates that Kelp DAO is unlikely to spread the losses beyond those directly affected, with bettors assigning a 14% chance of such an outcome. The exploit, which drained 116,500 rsETH from a LayerZero-powered bridge supporting the token across more than 20 blockchains, has left parts of the system undercollatera…
April 22, 2026, 9:25 a.m.
Markets
Kelp Unlikely to Share Losses After $292 Million Exploit
Following a $292 million exploit, a Polymarket contract indicates that bettors believe Kelp DAO is unlikely to spread losses beyond those immediately affected, with odds of just 14%. The attack, which drained approximately 116,500 rsETH from a LayerZero-powered bridge supporting the token across over 20 blockchains, has left parts of the system undercollateralized. This means some holders now own…
April 22, 2026, 9:25 a.m.
Markets
Traders Doubt Kelp Will Absorb Losses Following $292 Million Exploit
None
April 22, 2026, 9:25 a.m.
Markets
Traders Doubt Kelp Will Share Losses After $292 Million Exploit
A recent Polymarket prediction market indicates that traders believe Kelp DAO is unlikely to spread the losses from the $292 million weekend exploit beyond those directly impacted, with bettors giving it a 14% chance. The exploit, which drained 116,500 rsETH from a LayerZero-powered bridge, has left parts of the system undercollateralized, with some holders owning tokens no longer fully backed by…
April 22, 2026, 9:25 a.m.
Markets
Traders Doubt Kelp Will Absorb Losses Following $292 Million Exploit
None
April 22, 2026, 9:25 a.m.
Markets
Traders Doubt Kelp Will Absorb Losses Following $292 Million Exploit
None
April 22, 2026, 9:25 a.m.