Bitcoin24h $83,207.05+0.62%

Ethereum24h $1,836.94+0.90%

XRP24h $2.11-1.75%

BNB24h $607.04+0.52%

Solana24h $125.12-0.21%

Dogecoin24h $0.1664-2.06%

Cardano24h $0.6600-1.50%

TRON24h $0.2394+3.02%

Toncoin24h $4.08+6.73%

Chainlink24h $13.59-0.14%

HyperLiquid downplays ‘extreme centralization’ and pay-to-play criticisms

HyperLiquid has responded to an increasing velocity of criticisms about its code, token supply, and validator centralization.

Aave proposal to peg Ethena’s USDe to USDT raises concerns

While keen to avoid being labeled as a stablecoin, Ethena’s USDe is being used as such across some of DeFi’s biggest players.

A suspected exploit of the Feed Every Gorilla (FEG) token’s “SmartBridge” left holders down 99% after the hacker sold the proceeds.

While some would like to see Lazarus Group’s ill-gotten gains go down the drain, others see the activity on HyperLiquid as a worrying sign.

Aave is the largest protocol on Polygon, accounting for over a third of the chain’s total value locked (TVL) at $467 million.