Spark Strategy Lead Says rsETH Was Delisted in January Before Security Incident
Spark had already removed rsETH and other low-utilization assets in January as part of efforts to narrow collateral options and product features, according to Spark Strategy Lead.
RSETH
Summary
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Terms & Concepts
Collateral: Assets pledged to secure borrowing in crypto lending markets and reduce lender risk if a position fails.
rsETH: A crypto asset referenced by Spark as one of the tokens it removed from supported collateral offerings.
Delisting: The removal of an asset from a platform’s supported markets, trading pairs, or collateral options.