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GMX chatter is neutral/low-engagement, with traders comparing perp DEXs and discussing privacy, leverage and dip-accumulation. On May 20, GMX DAO proposed performance-triggered contributor incentives.

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BILL: Human-AI Collaboration NetworkZEST: Bitcoin Lending ProtocolGrab Your Share of the 300 USDT Prize Pool!Kelp DAO completes rsETH recovery plan after $292 million exploit Kelp DAO has completed th

Grab Your Share of the 300 USDT Prize Pool!

Kelp DAO completes rsETH recovery plan after $292 million exploit Kelp DAO has completed the main recovery work tied to the rsETH exploit after sending the final 20,373.72 rsETH batch to the rsETH OFT adapter, the contract used to support rsETH transfers across chains.

The final tranche of 20,373.72 rsETH has been sent to the rsETH OFT adapter earlier today. This closes the operational part of the rsETH recovery plan.

Tx: https://t.co/fB2HLWvggk

— Kelp (@KelpDAO) May 25, 2026

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The transfer closes the operational part of the recovery plan, which focused on refilling the adapter after the exploit disrupted rsETH backing and temporarily affected normal protocol activity. Kelp said mints, redemptions, and rewards have been running normally since the protocol was unpaused.

The recovery follows an April 18 exploit that released about 116,500 rsETH from Kelp’s Ethereum side bridge adapter. Galaxy Research said the attacker delivered a forged LayerZero packet to the rsETH OFT adapter, which then released the tokens to the attacker’s address on Ethereum mainnet.

The exploit affected Kelp’s LayerZero OFT adapter, which is used to move rsETH across Ethereum layer 2 networks and other chains. Galaxy said the adapter works through a lock and mint model, where rsETH leaving Ethereum is locked in escrow and cross chain messages authorize releases when tokens return.

Aave and other DeFi protocols were pulled into the fallout because the attacker used part of the released rsETH as collateral to borrow assets. The attacker supplied rsETH on Aave and borrowed large amounts of WETH, turning the bridge failure into a broader DeFi lending problem.

The recovery plan centered on restoring the rsETH backing by gradually refilling the LayerZero OFT adapter. Kelp previously said 117,132 rsETH would be progressively refilled from the Aave Recovery Guardian and

Kelp DAO completes rsETH recovery plan after $292

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$LTC$I have just closed my position. Let us copy the next trade together.

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