Gate News message, April 19 — Keone Hon, co-founder of Monad, recommends that pooled lending protocols implement rate limits on collateral asset supply increases rather than opening supply to maximum capacity immediately. For example, when current supply is 100 million and the cap is 300 million, the protocol should only allow supply to increase to 110 million within the next 10 minutes. This approach would limit the exit paths available during hacking attacks, particularly those exploiting unlimited minting vulnerabilities.
Hon argues that lending protocols are typically the largest exit channels for assets, and implementing “smart caps” that start slightly above current supply and gradually adjust toward the true cap over hours could significantly improve risk control. He notes this measure could have prevented rsETH depositors from suffering approximately $200 million in losses today.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
JPMorgan: Tokenization Will Transform Funds Industry, But 'Good Use Cases' Still Years Away
Gate News message, April 26 — JPMorgan's global head of ETF product and securities services, Ciarán Fitzpatrick, said on Friday (April 25) that tokenization will drive change across the entire funds industry, not
GateNews51m ago
Aave, Kelp, LayerZero Seek Arbitrum DAO Approval to Release $71M Frozen ETH for rsETH Recovery
Gate News message, April 26 — Aave Labs, Kelp DAO, LayerZero, EtherFi, and Compound filed a Constitutional AIP on the Arbitrum forum Saturday morning requesting the network's DAO release approximately $71 million in frozen ETH to support rsETH recovery efforts. The proposal seeks to
GateNews1h ago
Trusta AI Completes LayerZero Multi-DVN Configuration Upgrade, TA Cross-Chain Functionality Fully Restored
Gate News message, April 26 — Trusta AI, an AI-powered trusted identity network, has announced the full restoration of its cross-chain functionality via LayerZero. The protocol had previously faced disruptions after LayerZero transitioned from a 1/1 DVN configuration to a multi-DVN redundancy
GateNews5h ago
Aave, Kelp, LayerZero Seek $71M ETH Release for rsETH Recovery
A coalition of major DeFi protocols filed a Constitutional AIP on the Arbitrum forum Saturday morning asking the network's DAO to release roughly $71 million in frozen ETH into DeFi United, the cross-protocol relief effort organized following last week's $292 million Kelp DAO exploit. Aave Labs is l
CryptoFrontier11h ago
XRP Breakout Holds as XRPL Lending Vote Gains Momentum
Key Insights
XRP maintains weekly strength above major cryptocurrencies as price holds above key EMAs, reflecting sustained momentum despite minor daily declines in trading sessions.
XRPL validators advance lending upgrades through XLS-65 and XLS-66, introducing pooled liquidity vaults and f
CryptoNewsLand12h ago
XRP Breakout Holds as XRPL Lending Vote Gains Momentum
XRP shows weekly strength, trading above EMAs after breaking from a descending wedge; XRPL advances XLS-65/66 lending upgrades with pooled vaults and fixed-term loans; derivatives rise in volume, open interest, and options activity.
Abstract: This report notes XRP's persistent weekly momentum and price strength above key moving averages following a breakout from a descending wedge. It covers XRPL validators voting on XLS-65 and XLS-66, enabling native lending, pooled liquidity vaults, and fixed-term loans to expand on-chain financial activity. It also reports rising derivatives participation, with higher trading volume, open interest, and a surge in options activity, suggesting increasing trader positioning for a continued breakout.
CryptoNewsLand12h ago
