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Millions lost after three DeFi protocols hacked in one weekend

DeFi darlings Dough Finance, Ethena, and Minterest were hit by major incidents last weekend proving again that the sector can be a minefield.

ByBit insolvency rumors highlight Ethena’s centralization

Ethena, the brainchild of Arthur Hayes, claims to pass along Ethereum’s staking yield on steroids as a 37% USD APY.

Almost two years after its spectacular blow-up, Three Arrows co-founder Zhu Su has helpfully offered advice to Ethena on how to manage risk.

MakerDAO says the vault would start with a cap of 600 million Dai, which could be adjusted up to 1 billion according to demand and risk.

Newly-launched ‘synthetic dollar’ Ethena says it’s banking on using CEX liquidity rather than the less popular decentralized exchanges.