Gate News message, April 19 — Keone Hon, co-founder of Monad, recommends that pooled lending protocols implement rate limits on collateral asset supply increases rather than opening supply to maximum capacity immediately. For example, when current supply is 100 million and the cap is 300 million, the protocol should only allow supply to increase to 110 million within the next 10 minutes. This approach would limit the exit paths available during hacking attacks, particularly those exploiting unlimited minting vulnerabilities.
Hon argues that lending protocols are typically the largest exit channels for assets, and implementing “smart caps” that start slightly above current supply and gradually adjust toward the true cap over hours could significantly improve risk control. He notes this measure could have prevented rsETH depositors from suffering approximately $200 million in losses today.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Arkham Launches Decentralized Trading Feature on Solana
Gate News message, April 21 — Arkham announced the launch of a decentralized trading feature that enables users to discover and trade premium tokens on Solana directly within the platform.
The new functionality allows users to track the latest token launches and identify promising tokens and
GateNews18m ago
Tempo Launches Stablecoin Consulting Service, Partners with DoorDash to Explore Stablecoin Payouts
Gate News message, April 21 — Tempo, a blockchain project backed by Stripe and Paradigm, has launched a stablecoin consulting service to help enterprises and financial institutions adopt stablecoins. The service includes identifying suitable use cases and deploying embedded engineers to work directl
GateNews26m ago
DDC Enterprise Launches Bitcoin Treasury AI Operating System with Treasury Graph Framework
Gate News message, April 21 — DDC Enterprise, a U.S. publicly listed company, announced the launch of "DDC Treasury Intelligence Platform," an AI operating system designed for enterprise bitcoin reserve management. Developed in collaboration with Appnovation, the platform leverages large language
GateNews27m ago
Portal Launches 2.0 with AI-Native Focus, Led by Former Ubisoft Director Benjamin Charbit
Gate News message, April 21 — Portal, a cross-chain gaming platform, announced the launch of Portal 2.0, driven by a new leadership team backed by Animoca Brands. Benjamin Charbit, former game director at Ubisoft, has been appointed as CEO. The platform is shifting its strategic focus toward
GateNews1h ago
Startale Expands to Abu Dhabi to Scale Regulated Blockchain Infrastructure
Startale Group, the global crypto infrastructure company behind Japan’s largest public Astar Network chain, is taking one of the world’s fastest-growing state-backed crypto ecosystems in
Abu Dhabi
The company was selected as one of 27 firms from more than 2,400 global applicants for the Hub71
DailyCoin1h ago
KelpDAO $290M Exploit Attributed to North Korea's Lazarus Group
LayerZero attributed a $290 million exploit of KelpDAO's cross-chain rsETH configuration to North Korea's Lazarus Group on April 18, describing the attacker as a "highly-sophisticated state actor." According to LayerZero, the incident was limited to KelpDAO's rsETH setup and did not spread to other
CryptoFrontier2h ago
