Venus responds to the Kelp incident: No rsETH exposure, proactively sets collateral ratios of six asset types to 0
Foresight News reports that Venus Protocol tweeted that the platform has zero exposure to rsETH, no bad debt has been generated, and user funds are safe. As a precaution, following the advice of risk manager Allezlabs, the platform has temporarily set the collateral factor of the following six assets to 0: USDe, sUSDe, SolvBTC, xSolvBTC, USD1, and XAUM. Users can still repay and withdraw these assets directly through the Venus UI, and further updates will be released when the collateral ratio returns to normal.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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