DeFi
Full Functionality Restored On November 13, Aave announced the full restoration of services for its V2 and V3 versions. The protocol had to temporarily suspend certain lending services on November 5 due to a significant issue. Now, the Aave DAO has approved the resumption of these services across Ethereum (V2)
DeFi
Incident Details On the night of November 10, DeFi platform Raft was hacked, resulting in the loss of $3.3 million worth of Ethereum (ETH). Interestingly, the hacker seems to have incurred a loss with the stolen funds. The Hack and Its Aftermath On-Chain Analysis: Data reveals that the attacker
DeFi
The SushiSwap community is actively discussing a significant proposal aimed at changing the tokenomics of SUSHI, the platform’s native token. This proposal, introduced by CEO Jared Gray, seeks to enhance the utility of SUSHI and provide more sustainable benefits for participants. Proposal Details Background: * With the vesting schedule of
DeFi
In the early hours of November 5th, the lending platform Aave announced a critical bug in its V2 and V3 products, necessitating the temporary suspension of several features and services. Incident Details Cause: * The exact cause of the issue has not been disclosed. Aave stated that they received a report
DeFi
On November 3rd, Lido Finance passed several notable proposals, with the most intriguing being the approval to test Distributed Validator Technology (DVT). Details of the Proposal Announcement: * Lido Finance's official X (formerly Twitter) account encouraged users to participate in the voting for four key proposals before the deadline
DeFi
Summary On the morning of November 1, Frax Finance’s website was reportedly subjected to a DNS spoofing attack. The project has since issued warnings to its users. Key Highlights Please don’t use https://t.co/cADe5RLjqv and https://t.co/AcTF8hlzaS domains until further notice. If you know
DeFi
Summary On the afternoon of November 1, 2023, Coin98 Finance, the developer of the Coin98 Wallet, announced its rebranding to "Ninety Eight" to better reflect its broader range of products and ambitious vision. Key Highlights * Rebranding to Ninety Eight: Coin98 Finance has officially changed its name to Ninety
DeFi
Summary On the evening of November 1, 2023, blockchain security firm PeckShield reported a flash loan attack on the DeFi protocol Onyx Protocol, resulting in a loss of over 2.1 million USD. Details of the Attack The hacker exploited a rounding vulnerability in Onyx Protocol's codebase, which
DeFi
Summary Uniswap DAO is currently polling the community about investing 3 million UNI (worth approximately $12 million) to acquire a 20% stake in Ekubo, a decentralized exchange (DEX) built on the Starknet platform. Key Highlights * Investment Proposal: Uniswap DAO is considering investing 3 million UNI tokens to acquire 20% equity
DeFi
Overview On the evening of October 28th, Astrid, a Liquid Restaking solution using EigenLayer technology, suffered a smart contract attack. Key Points Estimated Damage: Initial estimates suggest a loss of approximately $228,000. The detailed vulnerability exploited by the hacker has not yet been disclosed, and further information will be
DeFi
Overview Orbit is a developer support program that enables the creation of custom layer-3 solutions on Arbitrum, one of the largest layer-2 networks today. Key Points * Orbit Program: Launched earlier this year, Orbit allows developers to create their own layer-2 or layer-3 networks on top of Arbitrum. Previously, these networks
DeFi
Overview Arbitrum Foundation announced the integration of Celestia into its Orbit and Nitro toolkits for Data Availability (DA). Key Points * Diversifying Developer Tools: Celestia’s modular mechanism is expected to reduce costs for applications by offering diverse tools for developers. * Celestia’s Expansion: Recently, Celestia Labs introduced Blobstream, which expands