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.
You may also like

BAT Appoints Bruce Sewell as Independent Non-Executive Director Effective Jan. 1, 2027
Jim Cramer Flags 3 AI Rally Risks, Including a Deal He Praised Hours Earlier

Deutsche Bank (DB.US) Q3 earnings exceed expectations, setting a profit record for the third consecutive quarter
Deutsche Bank (DB.US) announced its Q3 2026 results on Wednesday.
