Drift Protocol Unveils $295M Recovery Plan After DPRK Exploit
A $3.8M seed pool and tokenized loss claims try to bridge a $295.4M gap — but relaunch as a security-first venue is the bigger industry test after Aave's Kelp DAO rescue.
Decentralized finance — DEXs, lending, yield strategies, on-chain derivatives, and tokenized real-world assets.
A $3.8M seed pool and tokenized loss claims try to bridge a $295.4M gap — but relaunch as a security-first venue is the bigger industry test after Aave's Kelp DAO rescue.
A 91% origination-cost gap and a pivot to a marketplace model with 80–85% EBITDA targets — but the onchain footprint is contested, with DeFiLlama pegging real tokenized assets near $140M, not the…
JTX is Jito's first product aimed squarely at the sophisticated trader cohort still on Binance and Coinbase, and a slice of its revenue routes back to JTO holders as Solana DEX volume crossed $1T…
Centrifuge becomes the default issuance layer for tokenized ETFs, credit, and structured products across Coinbase and Base — the most concrete infrastructure play yet in the $27B RWA race.
The motion tests whether governance-frozen recovery assets become attachable property the moment a sanctioned-state attribution is alleged — a precedent every DeFi protocol with emergency powers…
The fight is over 30,765 ETH frozen after the April rsETH exploit on Arbitrum, and a ruling against Aave could let decades-old North Korea judgments reach any future recovered hack funds.
First-day volume barely cracked 1% of incumbent prediction-market flow, but HIP-4 lands on a platform that already controls the perps volume conversation — and that distribution is the actual asset.
The 30-day split is a story of single-app migration versus single-app outflow — a reminder that headline TVL is a chain-level number but a per-app function.
The Hyperliquid ecosystem has coalesced around two distinct tracks: conventional DEXs, led by Project X and HyperSwap…
The 36% supply incineration is the headline, but a revenue-linked buyback running 50% of net income for 12 months is the mechanism that turns a one-off event into a sustained deflationary pressure on…
Contracts held, bridge didn't: WETH utilization hit 100% in 90 minutes, a seven-hour head start the Protocol Guardian's freeze couldn't recover.
The legal theory is binary: either the recovered ether belongs to Aave's users, or it belongs to North Korea — and Aave argues attribution to Lazarus Group is unproven, with $327M in industry…
When the US market's settlement backbone starts moving real-world assets on-chain, the question is no longer whether TradFi tokenizes — it's which rails the next trillion settles on.
Day-one volume barely registers against Kalshi and Polymarket, but HIP-4 marks Hyperliquid's first step into event contracts — a category the perps-first exchange has so far sat out.
JMWH alone — a single tokenized-megawatt-hour asset from Justoken and YPF Luz — drives roughly 70% of XRPL's represented RWA segment, making the $3.6B headline a concentration story as much as a…
At an implied $520M annualized run-rate, the prediction market's fee base is now larger than most mid-tier CEXs — a useful benchmark for whether the category is consolidating around a single venue.
A single exploit drained $292 million from DeFi protocols, reigniting a debate that the industry has deferred too long…
Tom Lee's Bitmine crossed a structural threshold — 10.5% of all staked ETH sits with a single corporate treasury, concentrating validator influence in a way the network hasn't seen before.
Ondo Finance has added proxy voting rights for holders of its tokenized equity products, which collectively represent…
Curve Finance's founder has put forward a market-based mechanism to resolve approximately $700,000 in bad debt sitting…