Prisma Finance Suffers $11.6M Hack in Liquid Staking Shockwave, Moves to Mitigate Fallout

Prisma Finance Suffers $11.6M Hack in Liquid Staking Shockwave, Moves to Mitigate FalloutThe decentralized finance (defi) entity, Prisma Finance, has fallen prey to a security breach, with onchain detectives revealing that $11.6 million has been pilfered from its liquid staking protocol. Prisma Finance in Turmoil: $11.6M Lost to Hackers, Emergency Measures Activated On a recent Thursday, blockchain surveillance and safety squads from Peckshield and Cyvers reported the […]

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Badgerdao Introduces a New Ether-Backed Synthetic Bitcoin Token

Badgerdao, in partnership with Lido, has unveiled eBTC, an ether-backed synthetic bitcoin token aimed at enhancing the decentralization and capital efficiency of borrowing bitcoin in the decentralized finance (defi) space. Badgerdao and Lido Forge Partnership to Launch eBTC Badgerdao, a decentralized autonomous organization (DAO) committed to integrating bitcoin (BTC) into defi, has announced the launch […]

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Ether Locked in Liquid Staking Platforms Skyrockets to $54.34B With a $26.85B Rise in 64 Days

Ether Locked in Liquid Staking Platforms Skyrockets to $54.34B With a $26.85B Rise in 64 DaysThe volume and worth of liquid staking derivatives (LSDs) have expanded significantly since the beginning of the year, with 1.56 million ether being added to LSD protocols since Jan. 6. The total value of ethereum stored surged by $26.85 billion in the last two months. LSD Market Flourishes: Ethereum Holdings Cross $54 Billion Milestone In […]

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Over 440,000 Ethereum Added to Liquid Staking Derivatives in Two Weeks

Over 440,000 Ethereum Added to Liquid Staking Derivatives in Two WeeksIn less than two weeks, the total value locked (TVL) in liquid staking derivatives has increased by 441,110 ether, worth roughly $793 million. While Lido Finance dominates the market with 74.35% of the TVL, competing liquid staking protocols Rocket Pool and Frax Ether have recorded double-digit gains of 34% to 42% in the past 30 […]

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