4 hours ago

LayerZero Pledges 10,000 ETH to DeFi United as Industry Rallies Behind Kelp DAO Recovery

TLDR: LayerZero Labs is donating 5,000 ETH and depositing another 5,000 ETH into Aave to strengthen market liquidity. The $292M Kelp DAO exploit involved an RPC-poisoning attack that forged cross-chain messages via LayerZero’s DVN. DeFi United has raised over $300M in ETH and stablecoins, with major contributors including Consensys and Arbitrum DAO. Total value locked [...]

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Source: Blockonomi →