Today in DeFi - Polygon 2.0, Keep3r Exploit, Stable Yield Pools, and more...

Polygon 2.0

Polygon Labs introduces Polygon 2.0, a set of upgrades to offer scalability and unified liquidity via ZK tech. The team will share more details about the future of Polygon PoS, token evolution, and decentralized governance in the coming weeks.

Keep3r Exploit

The Keep3r network has been attacked and lost ~200k due to a governance key leak. The attacker “reset the governor of several pools and launched a reentrancy attack”.

Silo Isolated Curve LP Lending Markets

Silo launches three new isolated Curve LP lending markets, including stETH-ETH, LUSD-3CRV, and FRAX-USDC. Users can now borrow against Curve LP tokens while farming Convex rewards.

21Shares Lido ETP

21Shares, a Switzerland-based Crypto Exchange Traded Products (ETPs) issuer, introduces 21Shares Lido DAO ETP (LIDO), offering traditional investors single asset exposure to Lido DAO.

The Lido ETP is a “non-interest-bearing, open-ended security.” Each series of the product is linked to an index or specific underlying asset Lido DAO.”

Ripple Hinman Release

Ripple has been in a battle with the SEC since late 2020, with the regulator alleging that Ripple offered unregistered securities via XRP.
On June 13, the Hinman document will be released. The doc is expected to “provide crucial insights into the legal status of Ripple’s native digital asset XRP” and could “undermine the entire basis for the SEC’s case” against both Coinbase and Binance”

Stable Yield Pools, Trading Contest, and more…