Today in DeFi - Orbit Chain $81M Exploit, Unibot Live on Solana, Proposal to Fully Decentralize StakeDAO, High-Yield Stable Farming, and more...

Updates 🆕

• Trading bot Unibot expands to Solana in partnership with Jupiter DEX and Birdeye data aggregator, enabling users to automate their trading strategies on Solana.

• Bitcoin-EVM bridging protocol MultiBit launches a Dual-Sided NFT Bridge. The bridge allows users to trade BRC NFTs on ETH marketplaces like OpenSea and Blur. The team will expand NFT support to Solana, BNB, and more upon community requests.

• PancakeSwap has approved the proposal to reduce the maximum supply of CAKE tokens by 40% from 750M to 450M with more than 97% support.

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Hacks 👾

• Cross-chain bridge protocol Orbit Chain was hacked and has seen unauthorized outflows of $81.5 million in DAI, USDC, USDT, ETH, and WBTC. The team has requested major exchanges to freeze stolen assets while monitoring the stolen assets.

Upcoming ⏳

• StakeDAO governance has two proposals in discussion: One is to achieve full decentralization by automating and decentralizing as many actions as possible, and the other is to discuss which provider to use for bridging SDT to other networks and to start with the BNB Chain.

• Kava contributors propose to launch Aave V3 on Kava EVM. “The integration will enable Aave to access the deep liquidity on Cosmos and enables Cosmos ecosystem users to get access to Aave through KAVA”.

High Yield Stable Farming, …