Today in DeFi - Yearn $10m Exploit, Ethereum Shanghai Live, Farming on zkSync Era, and More...
Yearn $10m Exploit
Yearn is exploited and lost ~$10m. The attacker conducted a flash loan attack through Aave and exploited the Yearn USDT token (yUSDT), then acquired a large number of stables on Curve pool. The team tweets that V1 and V2 vaults are unaffected, and is investigating the contract issue.
Ethereum Shanghai Live
Ethereum devs have implemented the Shanghai on the mainnet. The Shanghai upgrade enables users and validators to withdraw their staked ETH on the network.
Nansen launched a public dashboard tracking the status of ETH withdrawals.
Ren Assets Transferring to FTX
Ren protocol, a bridging protocol acquired by Alameda, tweeted that its assets and shares will be transferred to cold wallets controlled by FTX.
FTX had previously directed the protocol to transfer all assets to debtor wallets for safeguarding βin advance of possible shutdowns of infrastructure and systems.β
Lyra Trading Rewards V2
Options protocol Lyra launches Trading Rewards V2 that will last for 12 weeks, with over $150k in rewards across Optimism and Arbitrum. Check the tutorial on how to participate and boost rewards.
Incentive Extension, Farming on zkSync Era,β¦
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