We're constantly reminded that the security of DeFi funds cannot be taken for granted ā.
03 Dec 2023, 14:00
We're constantly reminded that the security of DeFi funds cannot be taken for granted š
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RToken overcollateralization luckily provides comfort
A recent revelation about @LidoFinance validator keys exposes stETH holders to loss
But ETH+ holders are defended against this š
Same news in other sources
203 Dec 2023, 14:00
Learn more about ETH+, a safety-first and diversified LST index, on Register
Also see the bountiful yield opportunities you can stack on top of this safety
Learn more about ETH+, a safety-first and diversified LST index, on Register.
Learn more about ETH+, a safety-first and diversified LST index, on Register https://t.co/myiDZDJivo
Also see the bountiful yield opportunities you can stack on top of this safety
03 Dec 2023, 14:00
However, the hypothetical loss to ETH+ holders is FULLY mitigated by its $RSR overcollateralization, totalling $107k of its $4.3M market cap
Even after selling $75k RSR to recapitalize from stETH losses and defend ETH+'s peg, there is still RSR remaining for another rainy day š¦
However, the hypothetical loss to ETH+ holders is FULLY mitigated by its $RSR overcollateralization, totalling $107k of its $4.
However, the hypothetical loss to ETH+ holders is FULLY mitigated by its $RSR overcollateralization, totalling $107k of its $4.3M market cap
Even after selling $75k RSR to recapitalize from stETH losses and defend ETH+'s peg, there is still RSR remaining for another rainy day š¦