Kelp is migrating rsETH from LayerZero's 1-of-1 DVN to Chainlink CCIP's larger multisig. Bigger threshold, same architecture.
Intent architecture is the structural alternative. A solver delivers existing tokens from inventory on chain Y, gets paid on chain X. A verifier confirms the swap. No new supply is ever created on the destination.
That removes the failure mode that hit Kelp. Lock-and-mint bridges create new tokens when a multisig attests that tokens were locked elsewhere. Compromise the multisig and you mint without locking. ~116,500 unbacked rsETH is what that looks like.
A bigger multisig does not fix this. Removing the mint does.
The verifier in intent architecture still needs trust. But the blast radius is bounded: a failed verification stalls the swap, it does not produce unbacked $300M.
The architecture is the risk, not the threshold. After Kelp, every protocol still gating synthetic supply with a multisig is making a deliberate choice.
Kelp DAO Restaked ETH (RSETH)
Kelp DAO Restaked ETH Dữ liệu giá trực tiếp
Kelp DAO Restaked ETH RSETH Lịch sử giá USD
Sở hữu RSETH ngay
Mua và bán RSETH dễ dàng và an toàn trên BitMart.
Kelp DAO Restaked ETH X Insight
12.3K @zacodil 
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16.9K @DBCrypt0 And the saga continues…
KelpDAO switched FROM multi-key TO a 1/1 setup
Read that again
They deliberately downgraded their security
That's not just careless
It shows a fundamental disregard for user funds
117.9K @PrimordialAA A ton of this is just completely untrue.
1) Kelp originally used the defaults which were MultiDVN or DeadDVN and manually migrated to a 1/1 config later
2) Almost 100% of the volume on a 1/1 config was rsETH
3) Not using a 1/1 for production applications is mentioned many times in the documentation.
The defaults Kelp is referencing in their screenshot were multiDVN or DeadDVN, which force-rejects an application using the defaults at all and requires them to manually set configuration.
rsETH was originally configured to use the default LayerZero configuration of a multiDVN setup of LayerZero Labs + Google:
Here are the exact transactions where that happens
Ethereum → Arbitrum:
https://t.co/C2uCxmpBCX
at 2024-02-06 03:09:47 UTC
Ethereum → Optimism:
https://t.co/vuQWxeyUUA
at 2024-02-06 03:09:59 UTC
KelpDAO then manually changed these to 1/1 configs:
For the original Feb 6 Ethereum routes to Arbitrum/Optimism, KelpDAO’s Ethereum contract switched from defaults to manual OApp-scoped config on 2024-04-0
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76.3K @andyyy Bryan responds and says it’s mostly lies.
What a saga man… https://t.co/rUkSx70Q6D
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