Dear Aave team, Stani, Guardian, Risk Service Providers and governance participants, I supplied native ETH to the Aave V3 Linea market and received aLinWETH in return. This was a pure, simple lending position - I did not use any borrowing, collateral, looping strategies, restaking, or rsETH. Just basic supply of ETH. My position (and many other Linea users) is currently frozen due to the rsETH incident. Key facts: No involvement in rsETH or any leveraged activity.
Linea has one of the smallest exposures to the incident among all affected chains.
I (and other pure Linea suppliers) did not create this bad debt.
Recent updates: Today Aave unfroze WETH on Ethereum Core V3 (LTV remains 0).
WETH reserves on Linea, Arbitrum, Base, Mantle and Ethereum Prime remain frozen
KelpDAO themselves posted today that they are actively working with Arbitrum Security Council and @_SEAL_Org to mitigate the impact
Please fully exclude all pure ETH suppliers on Linea L2 from any form of haircut, socialized bad debt allocation, or loss sharing. Alternatively (and preferably), prioritize the unfreeze of WETH on Linea as one of the first L2s, since the exposure here is minimal and we are innocent suppliers who simply lent ETH. It is unfair to make clean Linea lenders pay for problems originating from a bridge exploit on another chain. We took zero additional risk. Thank you for your attention and for considering this fair request. I am happy to provide my wallet address, transaction hash or any additional details if needed.
Best regards,
A Linea ETH supplier