Aave Says rsETH on Ethereum Mainnet Is Fully Backed After Review
According to Aave, WETH reserves on the Ethereum Core V3 market have been unfrozen for supply only, while LTV stays at 0 and freezes remain in several other markets.
ETH
ARB
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Fact Check
The claim is likely true because two separate sources available in this run convey the same specific statements attributed to Aave. The BlockBeats report, 'Aave：rsETH在主网上拥有完全抵押支持，在Aave V3和V4上仍被冻结 - BlockBeats,' says Aave's analysis found rsETH on Ethereum mainnet fully backed and that precautionary freezes remain on rsETH and WETH reserves in affected markets. The DEGEN NEWS X post at https://x.com/DegenerateNews/status/2045945670729646503 independently quotes the same language from Aave. Confidence is only medium, not high, because the direct Aave source referenced by BlockBeats could not be fetched in this run due to tool limits, and one provided Odaily link was unrelated.
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Summary
Aave said rsETH on Ethereum mainnet remains fully collateralized. The protocol had kept rsETH frozen on Aave V3 and Aave V4 while verifying information and evaluating solutions. In a new update, Aave said WETH reserves on the Ethereum Core V3 market have been unfrozen, allowing users to supply WETH again, but the loan-to-value ratio remains set at 0. WETH reserves on Ethereum Prime, Arbitrum, Base, Mantle and Linea remain frozen, and Aave said service providers will continue follow-up handling and updates.
Terms & Concepts
- rsETH: A liquid restaking token representing exposure to restaked Ether positions on Ethereum.
- Wrapped Ether: A tokenized form of Ether used in decentralized applications and lending markets.
- LTV: Loan-to-value ratio, which sets how much users can borrow against supplied collateral in a lending protocol.