Lido's un gold vault, first loss guarantee limits $12.1M and $4M
Original headline리도 언 금고, 첫 손실 보장 한도 1210만·400만달러
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Firelight has added a loss-protection layer to Lido Earn's ETH and USD vaults, with coverage live for five days and first-period caps of roughly $12.1 million for the ETH vault and $4 million for the USD vault. Firelight absorbs covered losses first, with Lido DAO's existing vault-share burn mechanism as the backstop. Coverage terms and limits are recorded on-chain and sized to each vault's asset mix and risk profile. The caps are per-vault, not per-user payout figures. The arrangement matters because it gives Lido Earn depositors an explicit first-loss buffer, and the next thing to watch is whether the limits are renewed or expanded after the initial period.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Lido (LDO), Lido Earn, Firelight, LDO (LDO), Lido DAO (LDO), The Defiant
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