🚨ETHEREUM PASSES $8B IN TOKENIZED TREASURIES
Ethereum just crossed $8 BILLION in tokenized U.S. Treasuries for the first time.
The week also saw Stripe expand its BRIDGE stablecoin to Celo and plans for Canada’s first regulated stablecoin on Ethereum.
Despite the growth, ethereum:native still struggles to break key short-term resistance.
chaos labs is paid $2.4m/year as aave's risk manager and never once checked that rsETH was running a 1/1 DVN config on layerzero before approving it at 75% LTV. that single oversight enabled $236m in bad debt. they just lost the compound contract to gauntlet. 68% of aave governance is calling for their review or replacement. aave v4 launches april 30 with a new collateral framework that will likely make $4-6b in current bridged assets ineligible unless protocols prove 3/5 DVN minimum. that's a forced deleveraging event 11 days out. the risk managers had zero skin in the game, zero financial liability, zero incentive to dig deeper than a peckshield audit and a chainlink oracle check. bridge security wasn't even on the checklist. you need to go read the getAppConfig() on every bridged token you're lending against right now because clearly nobody else did