Get the latest DeFi news on lending, DEXs, liquid staking, yield strategies, governance, and the protocols driving on-chain finance.
Relay says the money spent is gone, while private keys and unrelated balances remain untouched.
Liam 'Akiba' Wright 3 min read 
The verifier accepted identity inputs as proof, letting 250 SAUCE support $9.05 million in principal borrowing.
The July 12 unlock is large enough to test whether trader demand can absorb insider supply without forcing a deeper repricing.
Blockaid estimated about $6 million drained as Summer.fi paused Lazy Summer vaults and investigated the cause.
Edel’s exploit was small, but it hit the next frontier for tokenized equities: credit markets, where 1:1 backing is not enough if wrappers, vaults and exchange rates can be gamed.
Open USD may turn stablecoin competition into a DeFi incentive war, with Plasma and other partners using shared economics to fight for user liquidity.
DeFiLlama data shows $780.3 million in Q2 known losses as bridges, keys and protocol logic turn security into a live cost of participation.
US agencies are formalizing identity checks at the issuer gate while leaving the transfer layer politically exposed.
The XRPL upgrade would standardize loan execution while leaving risk checks, legal terms and compliance to institutions.
