PANews April 20 news, the stablecoin platform Reserve on Ethereum stated on platform X that the ABC Labs team is closely monitoring the Kelp DAO attack event, currently assessing that Reserve DTF holders are unlikely to be affected. If the rsETH on the mainnet significantly depreciates (possibly needing a 15.5-18.5% write-down), Aave may incur bad debts, which could in turn affect the USDC collateral in Aave V3. The RSR stakers in the Reserve protocol USD3 and eUSD may provide protection as "first loss capital," but the impact is minimal, and the RSR over-collateralization is sufficient to cover it. ETH+ and bsdETH do not contain rsETH collateral at all, presenting zero risk. As a precaution, Reserve has temporarily suspended the minting, rebalancing, and RSR withdrawal of eUSD and USD3. The redemption function remains fully open; if users need RSR over-collateralization protection, it is recommended to continue holding.

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