DeFi and Open Finance

Decentralized Finance (DeFi) is the movement that leverages decentralized networks to transform old financial products into trustless and transparent protocols that run without intermediaries.

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The KelpDAO rsETH Exploit: $292M Minted From a 1-of-1 Bridge

A single-signer DVN on KelpDAO's LayerZero bridge let an attacker mint 116,500 unbacked rsETH and walk out with ~$236M in WETH from Aave. Here's the full on-chain breakdown, who pays, and what it says about liquid restaking.

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