Decentralized Finance (DeFi) is constantly changing. It’s committed to finding fresh opportunities that will link the traditional finance ecosystem with the transformative potential of blockchain technology. One noteworthy news in this realm is the collaboration between Lido and Maple Finance. Maple Finance is a platform for institutional crypto lending. Lido...
To bring more liquidity on-chain, Maple Finance and Lido have recently joined forces to bring Lido’s stETH token into the Maple’s credit marketplace. This partnership will foster the broader Ethereum liquid staking ecosystem by enabling new opportunities for stablecoin credit lines. This partnership takes advantage of the utility and popularity...
Meanwhile, Staked Ether (ETH) hit an all-time high, just weeks after its price crossed the US$2.8K mark amidst strong institutional inflows. As of today, the Beacon Chain has 34.65 million ETH locked in staking contracts, eclipsing the old record of November 2024. This recent increase is indicative of the increased...
Not long ago, we learned of a security incident involving Lido, the world’s largest provider of liquid staking for Ether (ETH). It is particularly worrying any time that a security breach occurs. Before you start panic selling, it’s important to understand just how serious this breach is and what Lido...
Okay, let's be real. When you hear “hack” and “crypto” in the same breath, it makes your stomach drop. Mine does too. Before you start imagining your valuable ETH evaporating into the metaverse, breathe easy. The most recent Lido hack turned on a compromised oracle key which led to a...
Okay, let's be frank. The significance of the Lido oracle hack may appear small, given that only $4,200 in gas fees were stolen. Alarm bells should certainly be sounding. It’s not the dollar amount that matters, it’s that the dream of decentralization has been exposed to the light of reality....
The rapidly changing landscape of cryptocurrency, matched with the complex technology behind it, continues to bring the ongoing risk of hacks and breaches. Lido Finance, the largest liquid staking adapter on Ethereum and a critical part of the Ethereum staking ecosystem, was recently attacked. This shocking occurrence resulted in the...
I have a vivid memory of talking with my friend Sarah after a hackathon last year. She’s incredibly bright, a total coding whiz, but the moment I began explaining the concept of staking ETH, her eyes kind of glazed over. It just seems really overwhelming,” she admitted, “and to be...
That’s why Lido Finance, the largest liquid staking protocol on Ethereum, launched their first emergency DAO vote. This decision follows a recent security incident that led to the loss of $1.46 ETH worth in gas fees, requiring the rotation of a compromised oracle key. That hack compromised one of the...
So, Lido got hacked. A measly $4,200 was lost. Big deal, right? Wrong. It’s not only about payment, either. It’s a story about the fragility of our entire DeFi ecosystem and the false positive sense of security we are all too frequently addicted to. Think of it like this: your...
