Clear overview of Ellipsis Epx: what it is, the problem it solves, token mechanics, ecosystem role, and key risks for DeFi users.
The post Ellipsis Epx Token: What It Is And How It Works appeared first on BiteMyCoin.
The post DeFi’s automated yield protocols were built for retail, now they just add another layer of risk appeared on BitcoinEthereumNews.com.
Automated yield protocols built DeFi’s most persuasive retail pitch that depositing into a vault was all a user needed to do, with the protocol handling everything else. For users wanting exposure to Curve’s boosted yields without manually managing CRV locks, vote power, wrappers, gauges, and incentives, Stake DAO offered a product that packaged the full stack behind a simple interface and, in doing so, also packaged what could break. According to Blockaid, an attacker minted over 5.4 trillion vsdCRV on Arbitrum through a suspected compromise of a deployer key and began swapping tokens for ETH. The attacker altered LayerZero-related peer configuration to forge a cross-chain message before minting 5,446,744,073,709 vsdCRV, converting a portion into roughly 43.78 ETH, with liquidity constraining realized extraction far below the nominal mint. Stake
A practical overview of Dypius DeFi Yield Protocol: definition, problems it targets, token utility, ecosystem fit, and key investor considerations.
The post Dypius DeFi Yield Protocol: What It Is And How The Token Works appeared first on BiteMyCoin.
Attackers drained an estimated $200,000 from DeFi liquidity pools on Ethereum — specifically Uniswap V3 — after exploiting weaknesses in the WUSD.fi and GLOVE incentive system, according to security researchers at ExVul. The attackers cycled funds through multiple wallets to repeatedly farm rewards, taking advantage of flaws baked into the protocol’s incentive structure. Related Reading: […]
The Bank for International Settlements' collaboration with seven central banks and more than 40 institutions concludes a two-year project with a prototype settling wholesale payments in seconds.