Kelp exploit highlights problem with non-isolated DeFi lending: Crypto execs

Kelp exploit highlights problem with non-isolated DeFi lending: Crypto execs

1.28%LINK$9.12 2.25%DOGE$0.09405 1.49%ADA$0.245 1.59%BTC$74,781 1.39%XLM$0.1693 0.03%SOL$85.13 1.58%XRP$1.41 1.26%BCH$438.42 1.66%ETH$2,296 2.65%HYPE$41.83 5.58%TRX$0.3332 1.02%BNB$620.48 2.11%USD Written by Vince Quill,Staff WriterReviewed by Robert Lakin,Staff EditorKelp exploit highlights problem with non-isolated DeFi lending: Crypto execs1 hour agoThe contagion from the Kelp exploit could have been contained, but at the cost of capital efficiency, according to the founder of Curve Finance. The exploit of the Kelp liquid restaking protocol shows how non-isolated lending and integrations in decentralized finance (DeFi) can cause broader ecosystem contagion, according to crypto industry executives and blockchain security firms. Non-isolated lending on DeFi platforms, including earlier versions of the Aave lending protocol, exposes users to risks from all the various tokens used as coll

Source: https://cointelegraph.com/news/kelp-exploit-non-isolated-defi-lending?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound