'DeFi is dead': crypto community scrambles after this year's biggest hack exposes contagion risks Developers and traders warn of structural risks as a cross-chain exploit spreads fear and prompts billions to flee DeFi platforms.
Source: CoinDesk
Source: Yahoo Finance
Source: Yahoo Finance
Source: Yahoo Finance
The contagion from the Kelp exploit could have been contained, but at the cost of capital efficiency, according to the founder of Curve Finance.
Stablecoins can help businesses turn costs into revenue, Paxos Labs cofounder says Firms using stablecoins can reshape margins by cutting costs, unlock credit and earn yield, but not every company needs to issue a token, Paxos Labs' Chunda McCain said.
Source: CoinDesk
Aave records $6 billion TVL drop as Kelp hack exposes structural risk at DeFi lender The AAVE token fell 16% and deposits fled the protocol after attackers used drained rsETH as collateral to borrow wrapped ether, leaving Aave to quantify how much bad debt it is now carrying.
Source: CoinDesk
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