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Lido DAO Integrates NTT to Enable Cross-Chain Transfers of wstETH to BNB Chain
cryptocurrency

Lido DAO Integrates NTT to Enable Cross-Chain Transfers of wstETH to BNB Chain

Lido DAO adopts NTT standard to facilitate wstETH transfers to BNB Chain via Wormhole and Axelar, enhancing cross-chain interoperability.

Exploit of KyberSwap's Concentrated Liquidity Feature Results in $46 Million Loss
cryptocurrency

Exploit of KyberSwap's Concentrated Liquidity Feature Results in $46 Million Loss

KyberSwap suffered a $46 million loss due to a flaw in its smart contract, highlighting vulnerabilities in DeFi smart contracts and the need for improved security protocols.

Aave Outpaces Market with 9% Growth in Q2 2023, Launches GHO Stablecoin
cryptocurrency

Aave Outpaces Market with 9% Growth in Q2 2023, Launches GHO Stablecoin

ave's Q2 2023 report shows a 9% growth in total value supplied, outpacing the market. Key developments include the launch of GHO stablecoin, a rise in stETH deposits, and the anticipated release of Portals.

Liquid Staking Protocol Lido Activates "Staking Rate Limit" After Record Inflows
cryptocurrency

Liquid Staking Protocol Lido Activates "Staking Rate Limit" After Record Inflows

Lido Finance, a liquid staking protocol for Ethereum, activated a "staking rate limit" after more than 150,000 ETH was staked in a single day. The mechanism aims to address any negative effects of high inflows, limiting the amount of staked Ether that can be minted within a 24-hour timeframe.

Bit.com Enables Trading of Staked Ether on Spot and Perpetual Futures Markets
cryptocurrency

Bit.com Enables Trading of Staked Ether on Spot and Perpetual Futures Markets

To meet the diversified needs of cryptocurrency users, Singapore-based crypto exchange Bit.com has launched Staked Ether (STETH) on spot and perpetual futures markets.

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