Lido's activation mechanism fully covers EarnETH users' losses, and the Kelp incident is entering its final stage.

CoinFeed reported on May 7th that Lido tweeted that, regarding the EarnETH incident related to the Kelp protocol, the Lido community has approved a snapshot vote to enable the first-loss protection mechanism for EarnETH positions when losses fall below a 1% threshold. This mechanism will fully cover any losses suffered by EarnETH users. Previously, Lido had transferred 2,500 stETH to the "DeFi United" rsETH rescue plan; in conjunction with the Aave recovery plan, the attacker's rsETH positions on Aave have been liquidated, and the liquidated collateral has been transferred to Recovery Guardian.