Reserve: Minting and rebalancing of eUSD and USD3 have been temporarily suspended; redemption functionality remains open.

CoinFeed reported on April 20th that Reserve, a stablecoin platform on Ethereum, stated on its X platform that the ABC Labs team is closely monitoring the Kelp DAO attack and currently believes that Reserve DTF holders will be minimally affected. If rsETH on the mainnet experiences a significant devaluation (potentially requiring a 15.5-18.5% impairment), Aave may incur bad debts, potentially impacting USDC collateral in Aave V3. RSR stakers in Reserve's USD3 and eUSD may be protected as "first loss capital," but the impact is minimal, and RSR overcollateralization is sufficient to cover it. ETH+ and bsdETH contain no rsETH collateral and are therefore at zero risk. Out of caution, Reserve has temporarily suspended the minting and rebalancing of eUSD and USD3, as well as RSR unstaking.