LayerZero Says It Understood rsETH Vulnerability, Works With KelpDAO on Fixes
The blockchain interoperability protocol said it identified the rsETH issue details about 10 hours after the exploit and is monitoring on-chain conditions while coordinating with KelpDAO.
Summary
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Terms & Concepts
rsETH: A crypto asset tied to restaking-related Ethereum exposure, used within decentralized finance applications.
on-chain: Activity or data recorded directly on a blockchain network and visible through blockchain transactions.
blockchain interoperability protocol: Infrastructure that helps different blockchain networks communicate and transfer data or assets.