Blast shuts down $20M layer-2 network, forcing Oct. 26 exit deadline
Ethereum layer-2 network built around native yield Blast said on Oct. 2 that it will shut down because maintaining the chain costs more than it earns. The project asked users to move their assets to Ethereum mainnet by Oct. 26 to withdraw through its…
XRP is becoming collateral for real loans and the first market is already dominated by whales
XRP is beginning to support live dollar borrowing on Ethereum, though the market remains heavily concentrated among a handful of borrowers. A Morpho market backed by FXRP, a tokenized representation of XRP, had about 7.18 million RLUSD in outstanding…
Sentora split 50% Aave revenue, but suppliers absorb all losses
Aave DAO would own the contracts for a proposed Ethereum lending market, but Sentora would make the day-to-day decisions that shape its credit risk. In a governance proposal posted Sept. 28, the DeFi risk manager asks to operate an isolated Aave V4 Hub…
Lido’s 1,500 ETH reserve target could slow stETH withdrawals in a crunch
When stETH holders seek ETH through Lido’s withdrawal queue, the protocol can use ETH in its buffer to finalize their requests. Some of that buffer is also protected for new validator deposits. The more ETH set aside for deposits when both uses compete,…
L2 growth and $120 billion in staking hide Ethereum’s supply reality
Ethereum’s institutional data hub showed about $120 billion in staked ETH and $40.4 billion in daily average total value locked on layer-2 (L2) networks in a Sept. 21 snapshot. They measure different things: ETH committed to network security and…
Optimism just approved the upgrade its Superchain needs before interoperability can go live
Optimism approved Upgrade 20, moving its fault-proof system toward the architecture required for future Superchain interoperability. The Ethereum layer-2 network’s governance completed voting on Sept. 16, putting OP Sepolia, Ink Sepolia, Soneium Minato…
Ethereum builders face a choice between locking up too much cash or relying on trusted brokers
During a Sept. 8–11 Lido discussion, Commit-Boost contributor Jason Vranek pointed out that builders supporting protocol-backed payments deal with costs from idle Ethereum, failed deliveries, and offers they wished to cancel. Those costs could make…
Aave V4 proposal would put DAO funds first in line to absorb lending losses
Aave V4 lenders who supply wrapped Ether (WETH), USDC, or USDT to its Core Liquidity Hub on Ethereum will receive a bad-debt backstop under a policy announced in a September 11 proposal from TokenLogic. The Umbrella plan would put Aave’s DAO first in…
Hackers mint trillions in fake Bitcoin, but 15 BTC bridge recovery leaves liquidity providers unpaid
Cross-chain protocol Symbiosis said it recovered approximately 15 BTC after an attacker exploited its native Bitcoin Bridge, but affected liquidity providers still lack compensation terms as a Sep. 13 bounty window nears its unspecified cutoff. The…
Audited DeFi protocols lost $885M to attacks that occurred completely outside their audit scopes
In decentralized finance, “audited” is often presented as a verdict on an entire project. In practice, an audit usually covers named code, components and versions at a particular point in time. Anything added, excluded or operated around that boundary…