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Cryptocurrency
fromnews.bitcoin.com
4 days agoIncident Report: Llamarisk, Aave Service Providers Detail Kelp rsETH Hack Across Ethereum and Arbitrum Markets
An attacker exploited Kelp's Layerzero V2 bridge, minting 116,500 rsETH, leading to estimated bad debt of $123.7M to $230.1M across seven markets.
fromnews.bitcoin.com
4 days ago$14B Vanishes From DeFi Ecosystem After KelpDAO Exploit Rocks Lending Markets
The KelpDAO exploit drained roughly 116,500 rsETH before the assets were deployed as collateral across DeFi protocols, triggering freezes and the buildup of bad debt, much of it concentrated on the lending platform Aave.
Cryptocurrency
fromComplex
3 weeks agoSpill App Launches 'What's the Tea?,' Explores Black Social Media Exchanges
This 'Black Paper' is a cultural exploration, not a trend report. The ethnographic research reveals how a community turns language into currency, ritualizes economic solidarity, and uses political engagement in daily survival.
Social media marketing
fromFortune
3 months agoStanford professor raises $15 million for Babylon, a decentralized protocol to turn Bitcoin into collateral | Fortune
When a Bitcoin owner wants to generate yield from their holdings, they typically go to a third party. That middleman is usually a stablecoin issuer or exchange like Tether or Coinbase that allows the holder to swap their Bitcoin for collateral-in the form of stablecoin or wrapped BTC-to be used in lending protocols like Aave. Now a Stanford professor named David Tse is promoting a new alternative to those systems.
Cryptocurrency
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