stet

Renzo Finance responded to the MetaMask infrastructure security incident, stating that the risks and liquidity of its latest product, Renzo Basis, will not be concentrated in stablecoins or vaults and can be fully verified through on-chain data. Therefore, users do not need to rely on trust in Renzo to confirm that they are not affected by the incident.Renzo stated that ezETH will only be supported by native ETH starting from April 2026. Currently, there are only 214.75 stETH in the withdrawal queue (accounting for 0.5%) with valid claims.Previously, MetaMask indicated that it is handling a security incident affecting some infrastructure, and no immediate threat to MetaMask wallets has been identified. As a precaution, MetaMask is coordinating with customers, partners, and security consultants to proactively withdraw affected validators from its non-custodial staking business and will provide further updates in due course.

According to on-chain analyst Ai Yi (@ai_9684xtpa), Sun Yuchen has once again unstaked 5,000 ETH, having redeemed a total of 10,000 ETH from Lido since August 26.After the last redemption, Sun Yuchen deposited $12.3 million worth of ETH into Poloniex in two transactions (deposit price approximately $2,481); of the 5,000 ETH redeemed this time, 3,500 ETH flowed into Poloniex's hot wallet (purpose unknown), while another 1,500 ETH was deposited into Morpho. Currently, Sun Yuchen still holds 238,000 stETH on-chain, valued at approximately $594 million.

The Ethereum staking protocol Lido stated on platform X that the stETH Rebase has been completed as expected, and the missed ETH earnings due to insufficient calculations have been compensated, corresponding to an annual percentage rate (APR) of approximately 2.29%. At the same time, the protocol's oracle has been updated and passed the audit, with the new version improving report processing speed and helping to quickly identify the cause of similar issues in the future.Regarding the abnormal earnings calculation that occurred, Lido stated that contributors are currently conducting a root cause analysis, and more investigation details will be announced on the official forum and social media platforms. Throughout the entire incident, user funds have not faced any risk. The preliminary judgment is that the issue may stem from a special edge case: a validator in a pending deposit state was omitted from the earnings report, resulting in some staking earnings not being included in the calculations. Lido stated that a complete post-mortem report will be released in the coming days to further explain the cause of the issue, corrective measures, and subsequent improvement plans.

According to on-chain analyst Yu Jin's monitoring, one hour ago, the Ethereum Foundation funded the non-profit development organization Argot with 2,469 stETH, worth approximately 4.34 million USD.Last July, the Ethereum Foundation provided Argot with a three-year operational funding grant totaling 7,000 ETH. After receiving it, Argot sold 4,826.6 ETH at an average price of 3,194 USD, exchanging it for 15.417 million USDC.Today, Argot received the fourth-year funding from the Ethereum Foundation, amounting to 2,469 stETH. In July next year, Argot will also receive the final fifth-year funding, also for 2,469 stETH. On-chain transactions show that the funds have been transferred to the relevant address of Argot.

According to The Block, crypto bank Anchorage Digital announced that it has integrated Lido, the largest liquid staking protocol for Ethereum, providing institutional clients with direct access to its derivative asset wstETH.Institutional users can mint and burn wstETH, while earning Ethereum staking rewards, combined with the custody and governance compliance framework provided by Anchorage.

Argot Collective and the Ethereum Foundation (EF) announced that they have completed the final phase of the initial five-year funding commitment, with approximately 4,938 stETH to be transferred to a multi-signature wallet, to be unlocked in batches on July 1, 2026, and July 1, 2027, respectively. The funding for the previous three years was fully disbursed last year, while the remaining two years were delayed due to terms and governance arrangements that were yet to be finalized, which have now been completed.The funds are held in a 2-of-3 multi-signature wallet managed by Argot, the newly established "Failure Protection Committee," and the Ethereum Foundation. This committee will act as an independent arbitrator to maintain Argot's independence in the event of disputes and provide expertise in programming languages and compilers.Argot Collective also pointed out that while this agreement provides substantial operational security, broader challenges remain: the Ethereum Foundation has limited funding, and the public infrastructure supporting DeFi, staking, and core protocols cannot rely on a single funding source in the long term. The organization stated that it will continue to release transparency reports and roadmap updates every six months.

According to the official Lido blog, Lido DAO has revoked the "official" bridge endpoints for wstETH on nine networks: zkSync Era, Mode, Scroll, Mantle, Swell, Zircuit, Soneium, Polygon PoS, and Lisk, through a Snapshot vote.This move is a resource adjustment at the governance level and does not affect the technical operation of the related bridges and contracts. Users can still hold, transfer, or bridge back wstETH on the aforementioned networks to Ethereum. Lido will stop security monitoring, ecosystem, and market support for these networks, but no migration deadline will be set.

According to Onchain Lens, a certain whale sold 9,781 ETH for approximately 15.9 million USDC, with an average transaction price of about 1,663 USD, and exchanged for 5,114 AAVE.At the same time, the address submitted a withdrawal request for 1,909 stETH, which is approximately 1.67 million USD at the current price.

According to on-chain analyst Ai Yi's monitoring, the address 0x709...Cad6e has built a position again after six months, mortgaging 10,570 ETH 14 hours ago to borrow 16 million USDS, and then buying 14,730.36 wstETH at an average price of $2,028, followed by borrowing another 14 million USDS to increase the position.

According to monitoring by Lookonchain, an early participant in Ethereum is continuously reducing their holdings of ETH.Data shows that in the past week, this address has sold a total of 55,000 ETH and 9,442 wstETH, with a total value of approximately 136.25 million dollars, and an average selling price of about 2,041 dollars per ETH.

Lido stated on social media that Swellchain will cease operations on June 15, 2026, and users need to withdraw their wstETH assets in advance.After June 15, 2026, Swellchain will be permanently closed, and any remaining wstETH may not be recoverable.

Lido has proposed to allocate up to 2,500 stETH (approximately $5.8 million) from the DAO to cover the asset gap of rsETH caused by the recent attack on Kelp DAO.Lido pointed out that the exploit based on LayerZero has led to insufficient rsETH reserves and triggered a chain reaction in the DeFi ecosystem, including rising interest rate pressures, a tightening lending market, and some leveraged strategies facing the risk of forced liquidation. The proposal emphasizes that these funds will only be used as part of a complete recovery plan, provided that the overall gap can be fully filled. Previously, the attack on Kelp DAO, amounting to approximately $292 million, had impacted Aave, causing bad debt issues, and its total locked value (TVL) once dropped by nearly $8 billion.

According to monitoring by Lookonchain, the whale 0xD91D created a new address and deposited 9,500 wstETH into Spark. Subsequently, it borrowed 9,500 ETH, worth approximately 22.68 million USD, and transferred it to Binance for sale, while withdrawing USDE from Binance to repay its loan on Aave.

According to Lookonchain monitoring, a certain OTC whale (0xd45...FB20) that previously bought 163,000 ETH and 4,000 cbBTC withdrew 98,032 wstETH (worth $272 million) and 3,000 cbBTC (worth $221 million) from Aave.Due to the inability to withdraw ETH affected by the KelpDAO rsETH bridge vulnerability, the whale directly exchanged 7,438 aEthWETH (worth $16.83 million) for 1,930 stETH and 5,272 ETH, resulting in a loss of 237 ETH (worth $540,000). Currently, the address still has 10,000 ETH (worth $22.8 million) remaining in Aave.

Lido posted on platform X that the team is aware of the developments regarding the Kelp DAO security incident. Due to the current exposure of the earnETH product to rsETH, they have proactively suspended new deposits to earnETH and are working with relevant partners to assess the situation. More information will be disclosed based on future developments. Lido added that stETH and wstETH have not been affected by the rsETH incident, and this security issue does not involve the Lido staking protocol itself.

The Lido ecosystem operations team has released a proposal in the community forum, seeking authorization for the Lido Growth Committee to use up to 10,000 stETH from the treasury to purchase LDO.The proposal states that the LDO/ETH exchange rate is currently at a historical low of approximately 0.00016, which is about a 63% discount compared to the two-year median, indicating a disconnect from its protocol fundamentals. The plan will be executed in batches through the Easy Track mechanism, with a maximum of 1,000 stETH per batch. Execution channels include on-chain platforms (CoW Swap, 1inch, Uniswap) as well as centralized exchanges. The trading slippage will be controlled within 3%, and all purchased LDO will be returned to the treasury.

Lido officially stated that there is a potential vulnerability in the ZKsync wstETH bridging endpoint contract. There are currently no signs that this vulnerability has been exploited, and wstETH holders on ZKsync are not affected. Other bridging contracts are not impacted.As a precaution, Lido has paused new deposits to the ZKsync bridging contract, while withdrawals from zkSync and token transfers are unaffected. Lido has prepared a fix that will be audited and deployed during the next scheduled on-chain Lido governance comprehensive vote (late March/early April), after which the deposit functionality will be restored. Further updates will be released as necessary.

Lido tweeted that the V3 Phase 3 has been launched. Now, all stVaults can mint stETH without permission, and the minting limits for identified node operators have also been increased. The initial deployment work for Lido V3 has now been fully completed.

According to Lookonchain monitoring, well-known ETH holder and staker, P2P.org and Cyber.Fund co-founder Konstantin Lomashuk (@Lomashuk) seems to be selling ETH.Two wallet addresses possibly related to him transferred 12,458 stETH (approximately $23.76 million) and 2,566 ETH (approximately $5.38 million) to Wintermute.

According to on-chain analyst Ai Yi's monitoring, a certain address (0xd45...FB20) that previously made a profit of 98.18 million USD from ETH trading has sold for the first time since establishing its position.Three hours ago, the address deposited 10,000 stETH into Wintermute, worth 30.12 million USD, and subsequently received 30.03 million USDC. Recently, the address has accumulated a total of 70,013 ETH, with an average cost of approximately 2,907 USD, resulting in a profit of 1.039 million USD from this sale. Currently, the address still holds 60,013 ETH, with an unrealized profit of 7.243 million USD, bringing its total ETH trading profit to 99.22 million USD.