rsETH protocol operations have fully resumed.
- The exchange rate was updated at 16:45 CET today, reflecting all staking rewards accrued during the pause.
- EIGEN claims are now distributable to rsETH holders for the full pause window.
- Deposits and withdrawals are live on mainnet and L2’s
- rsETH backing is fully restored.
Details below. 🧵
On LayerZero Downfall: Solana Death Sentence.
Flying unnoticed in CT: the LARGEST lending market in Solana (and 4th Largest overall) has STILL NOT resumed OFT tokens and continues to have them in REDUCE-ONLY mode.
Kamino is effectively kicking off LayerZero from Solana!
🚨 UPDATE: KelpDAO migrates rsETH to Chainlink CCIP, citing LayerZero's infrastructure as the origin of the April exploit that caused $300M+ in DeFi losses.
LATEST: Kelp claims that LayerZero approved the setup it blamed for $292 million bridge hack
The exploit, linked to a North Korean hacker group, led Kelp to migrate its rsETH off LayerZero's OFT standard to Chainlink's Cross-Chain Interoperability Protocol (CCIP).
@FranciscoMemor reports
After the recent LayerZero exploit, we are taking steps to ensure rsETH is fully secure, which is why we are migrating to @chainlink CCIP.
From the April 18 incident, it is clear that LayerZero's own infrastructure was exploited, resulting in $300M in losses across DeFi. Independent reports from SEAL 911, Chainalysis, and other major leading security researchers all point to the same origin.
There are questions that the ecosystem deserves answers to. And we are ensuring rsETH is secured by infrastructure that doesn't leave these questions open.
That’s why we’re setting the record straight.
Huddle01 Cloud is live on Product Hunt today! 🥳
Built for developers & AI Agent lovers alike.
Huddle01 Cloud:
- Provides you with bare-metal performance with 70% cost reduction
- Lets you deploy your AI Agents in <60 seconds
Support us on PH:
https://t.co/7Q5bIacqUo
Huddle01 Cloud is live on Product Hunt today! 🥳
Built for developers & AI Agent lovers alike.
Huddle01 Cloud:
- Provides you with bare-metal performance with 70% cost reduction
- Lets you deploy your AI Agents in <60 seconds
Support us on PH:
https://t.co/7Q5bIacqUo
gm HUDL Army
As shared, given the broader market conditions & crypto sentiment, we are refunding everyone who participated in $HUDL sale. We're genuinely grateful for every single person who believed in $HUDL.
Starting Feb 24th, you can claim invested USDC back🧵
The $HUDL sale has ended.
We raised a total of $63.5K from 500+ bids during the sale.
Thank you to everyone who participated and believed in $HUDL.
Unfortunately, we were unable to meet the standards we had set. The broader market conditions and crypto sentiment aren't in a great place either.
Launching under these circumstances would not be fair to the community or to the long-term vision of the project.
So we've made a decision to refund the $HUDL sale participants for their invested capital.
🚨 HUDL fam!
Final hours to claim your Multiplier benefits! ⏰
If you minted the NFT, you can get up to 1.5x bonus allocation, but only if you bid before the 24-hour mark hits!
Bid at: https://t.co/I5NV69gYfI