DeFi Highlights: Ethereum Staking Limits, $16M Losses, Balancer Exploit, Shibarium Success, and USDC Launch
Summary:
Ethereum staking providers agree to a 22% limit for all validators, while DeFi suffers $16 million in crypto losses and Balancer protocol loses nearly $900,000. Shibarium gains over 100,000 wallets, and USDC is set to debut on Coinbase's layer-2 platform. DeFi market experiences bearish decline with total value locked below $50 billion.
Ethereum staking providers enforce 22% limit for all validators to ensure decentralized network.
DeFi hacks result in $16 million in crypto losses during August, according to Immunfi report.
Vulnerability warning ignored as Balancer protocol loses nearly $900,000.
Shibarium gains over 100,000 wallets after successful second launch.
USDC set to launch on Coinbase's layer-2 platform next week, replacing USD Base Coin.
DeFi market experiences bearish decline as total value locked remains below $50 billion.
Published At
9/1/2023 7:25:00 PM
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