RT Ignas | DeFi (@DefiIgnas)Simple idea how to avoid rsETH-type contagion in DeFi.You deposit ETH into a pool. Or better, stETH so you keep earning yield.You're basically restaking your already staked ETH.Now services like LayerZero's DVN can use that restaked ETH for their security.Not just bridges but oracles, DA layers, sequencers, anything that needs cryptoeconomic guarantees.We could call them Actively Validated Services (AVS for short).Obviously you need Operators who actually run the AVS work using d ...

Simple idea how to avoid rsETH-type contagion in DeFi.You deposit ETH into a pool. Or better, stETH so you keep earning yield.You're basically restaking your already staked ETH.Now services like LayerZero's DVN can use that restaked ETH for their security.Not just bridges but oracles, DA layers, sequencers, anything that needs cryptoeconomic guarantees.We could call them Actively Validated Services (AVS for short).Obviously you need Operators who actually run the AVS work using delegated restaked ETH.They g ...

RT Ignas | DeFi (@DefiIgnas)Lido proposes 2,500 stETH to the rsETH relief fund.Total hole is 112,204 rsETH unbacked (~$258M at current ETH price).So we have:- Arbitrum froze 30,766 ETH from the exploiter (~$71M)- Lido 2,500 stETH (~$5.75M)- Aave has $181M treasury: $62M ETH correlated, $52M stablecoins, $54M in AAVE (probably won't use it as it dumps price). So ~$114M realistically deployable?No number committed yet.Even if Aave puts up the full $114M, you're at $191M covered. Gap still ~$67M.Not great not ...

Lido Submits Proposal to Join rsETH Relief Effort, Up to 2,500 stETH ContributionLido has submitted a proposal on the Research Forum to participate in Aave’s coordinated rsETH relief effort following this week’s Kelp rsETH LayerZero bridge exploit. The proposal seeks authorization for a one-time allocation of up to 2,500 stETH to a dedicated relief vehicle.The contribution would be made only as part of a fully funded recovery package to fully cover the rsETH deficit. The initiative aims to reduce spillover ...

VanEck has filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for the “VanEck Lido Staked ETH ETF.” This fund aims to provide investors with regulated exposure to Ethereum staked via the Lido protocol (stETH). If approved, it will become the first U.S. ETF referencing stETH. https://t.co/jrMAPDjVZb ...