Today in DeFi - StakeHound Key Loss, stETH on Inverse Finance, SharedStake Rug, and More...

StakeHound Loses Stake

ETH2 staking provider Stakehound has lost the private keys to its ETH2 stake. It claims that Fireblocks is at fault and has filed suit for not taking proper action to protect or back up the private keys.

FireBlocks, in turn, claims Stakehound is at fault

“The keys were generated by the client and stored outside the Fireblocks platform. The customer did not store the backup with a third-party service provider per our guidelines."

Sushiswap

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stETH on Inverse Finance

Lido @LidoFinance

stETH is now on @InverseFinance 🏝 Use Inverse Finance’s Anchor to deploy your stETH as collateral to borrow assets. Get started here: blog.lido.fi/inverse-financ…

blog.lido.fiInverse Finance Adds Support For stETHInverse Finance has added support for stETH! This guide brings you an overview of Inverse Finance and how to deploy stETH as collateral to earn additional rewards.

Inverse Finance listed Lido’s stETH on Anchor, Inverse’s second money-market protocol. Users can now lend and borrow against stETH.

Mirror V2 Soon

Mirror Protocol @mirror_protocol

3/ The migration process may take up to 3 hours. On Friday (KST), we will provide an update upon the completion of the contract migration, officially unlocking the power of Mirror V2.

Synthetics protocol Mirror is launching V2 this Friday.

Mirror V2 includes new collaterals, pre-IPO assets, short incentives for shorting mAssets, and governance participation rewards.

SharedStake Rugged

Wannabe Researcher @wassiecapital

$SGT just got rugged today before new multisig addresses were added. h/t to WeebMcgee on discord for doing a dive on this. Smart Timelock was bypassed and hacker also tried to exploit all other dev's vesting contracts. So far vETH2 is still secure but there are concerns 1/2

SharedStake’s SGT token has apparently been rugged by a “rogue dev”(according to team members).

The token is down 95% as of writing, and users are advised to exit Saddle and staking contracts.

Follow @todayindefi to keep up with the latest DeFi news on Twitter.

Disclaimer: Projects or tokens mentioned in this newsletter are often experimental or unaudited. Do your own diligence before using or buying anything mentioned.