Kelp sets June 15, 2027 deadline for rsETH recovery from sunset networks with 100 USDC fee

Kelp DAO has announced that it is permanently discontinuing its rsETH cross-chain bridge on a large set of “sunset networks” and setting a final recovery deadline of June 15, 2027, after which stranded rsETH on those chains will no longer be recoverable through the official process. This follows the April 18, 2026 exploit of Kelp’s LayerZero-based rsETH bridge, which drained roughly 116,500 rsETH from the Ethereum-side adapter and disrupted rsETH liquidity and collateral use across multiple DeFi platforms. As part of the broader recovery plan, Kelp has progressively refilled the rsETH OFT adapter on mainnet, restored normal protocol operations, and decided to consolidate supported networks by ending bridge support on 20 chains. For users who still hold rsETH on affected “sunset” networks, Kelp is offering a one-year off-chain recovery window that runs until June 15, 2027. To reclaim assets, users must burn their rsETH on the source chain, pay a fixed 100 USDC fee per address on Ethereum mainnet, and then submit proof of both transactions to Kelp via email; Kelp will process these claims quarterly and reissue the corresponding rsETH on Ethereum mainnet. The team emphasizes that rsETH backing on mainnet remains intact and that this process is designed to safely wind down fragmented bridge deployments while preserving user value where possible. The move also aligns with risk-related changes in the wider ecosystem, such as Aave’s adjustments and subsequent restoration of WETH borrowing and rsETH-related parameters as the recovery plan has advanced.

✨ AI-generated background, compiled from web sources — not editorial content.

More coverage

• Kelp DAO completes rsETH recovery plan after $292 million exploit (cryptonews.net)
• Aave Restores WETH Borrowing as rsETH Recovery Plan Advances (mexc.com)
• Kelp Ends rsETH Cross-Chain Bridge, Offers One-Year Recovery ... (kucoin.com)
• rsETH Incident Report (April 20, 2026) - Aave - Governance Forum (governance.aave.com)
• Aave restores WETH borrowing as rsETH recovery plan advances ... (bingx.com)

Explore the topic

• rsETH
• USDC
• Kelp