Kelp DAO completes final rsETH recovery phase

Kelp DAO, which previously suffered a $292 million hack, announced it has completed the final stage of its rsETH recovery plan. The project has transferred a final batch of 23,737.72 rsETH to an Omnichain Fungible Token (OFT) adapter. In a post on X, Kelp DAO stated that it and Aave have replenished approximately 116,000 rsETH to the OFT adapter over the past two weeks. The project added that since resuming operations, its minting, redemption, and rewards functions are operating normally, and rsETH remains fully collateralized.