Authorise Loss Coverage Below the 1% Threshold For The Kelp Incident

I support this proposal.

Despite the acceleration of the process, the rsETH situation much depends on the Arbitrum, where bureaucratic procedures complete the entire voting cycle in 49 days (four have already passed, but could drag on for another 1.5 months) – so pinning your hopes on the next couple of weeks isn’t very wise.

The rationale is entirely sound and certainly benefits the protocol.
And yes, there were ideas to use a temporary internal loan from the Treasury rather than a unilateral transfer of funds, but that can be discussed later and decided upon separately from this proposal.

1 Like