Will Kelp DAO socialize the losses?

Prediction market · Polymarket

Overview

This market refers to the Kelp DAO bridge exploit on April 19, 2026, in which an attacker drained approximately $292M in rsETH via a LayerZero cross-chain messaging vulnerability, leaving rsETH holders on L2 networks with impaired backing. This market will resolve "Yes" if, by April 30, 2026, 11:59 PM ET, Kelp DAO has announced or implemented a mechanism to socialize the losses that resulted from this exploit. Otherwise, this market will resolve "No". “Socialize the losses” means rsETH holders on mainnet share and absorb part or all of the exploit losses, rather than L2 holders bearing them entirely. The primary resolution source will be official communications from Kelp DAO; however, a consensus of credible reporting may also be used.

Ticker

will-kelp-socialize-the-losses

Volume

2.1K

24h volume

2.1K

1w volume

2.1K

Open interest

1.1K

Liquidity

4.0K

Liquidity CLOB

4.0K

Start

Apr 19, 2026

End

May 1, 2026

Status

Active

Access

Restricted

Created

Apr 19, 2026

Event ID

396622

Slug

will-kelp-socialize-the-losses

Markets

1

Raw event data
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  "slug": "will-kelp-socialize-the-losses",
  "title": "Will Kelp DAO socialize the losses?",
  "description": "This market refers to the Kelp DAO bridge exploit on April 19, 2026, in which an attacker drained approximately $292M in rsETH via a LayerZero cross-chain messaging vulnerability, leaving rsETH holders on L2 networks with impaired backing.      \n\nThis market will resolve \"Yes\" if, by April 30, 2026, 11:59 PM ET, Kelp DAO has announced or implemented a mechanism to socialize the losses that resulted from this exploit. Otherwise, this market will resolve \"No\". \n\n“Socialize the losses” means rsETH holders on mainnet share and absorb part or all of the exploit losses, rather than L2 holders bearing them entirely.\n                                                                      \nThe primary resolution source will be official communications from Kelp DAO; however, a consensus of credible reporting may also be used.\n\n",
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