Investing Updates : Hacking Attempt on Lido Results in 1.4 Ether Lost From Oracle Provider

Source : 

https://www.coindesk.com/tech/2025/05/12/ethereum-staking-giant-lido-loses-just-14-eth-in-hacking-attempt

Apple Intelligence : 

• Security Incident: Lido, Ethereum’s largest liquid staking protocol, experienced a security breach involving a compromised oracle key.

• Impact of the Breach: 1.46 ETH in gas fees were stolen, but no user funds were compromised.

• Response to the Incident: Lido initiated an emergency DAO vote to rotate the compromised oracle key and enhance security.

• Security Incident: Lido experienced a security incident involving a compromised oracle key.

• Impact of the Incident: The incident resulted in the theft of 1.46 ETH in gas fees, but no user funds were affected.

• Lido’s Response: Lido launched an emergency DAO vote to rotate the compromised key and implement enhanced security measures.

• Security Incident: A hack occurred on Lido’s oracle operator.

• Mitigation Efforts: A new secure address is replacing the compromised address, with an on-chain vote already approved.

• Impact: The hack coincided with unrelated node issues experienced by other oracle operators.

Investing Updates : DeFi lending TVL is outpacing DEXs due to more sustainable yield — VC

Source : 

https://cointelegraph.com/news/crypto-lending-tvl-outpacing-dexs-vc-explains?utm_source=feedly_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Apple Intelligence : 

• DeFi Lending TVL Growth: DeFi lending protocols have seen a surge in total value locked (TVL), surpassing $53.6 billion and representing 43% of all DeFi protocols.

• DEX TVL Decline: DEXs have experienced a significant drop in TVL, falling from $85.3 billion in November 2021 to $21.5 billion.

• Reason for the Shift: Investors may be seeking more sustainable yields, as DeFi lending offers a more reliable source of income compared to DEX liquidity pooling, which is often impacted by impermanent loss.

• DeFi Lending Dominance: DeFi-based crypto lending now accounts for 65% of the total market, surpassing centralized lenders.

• DeFi Lending Market Growth: DeFi open borrows surged by nearly 960% between Q4 2022 and Q4 2024, leading the resurgence in crypto lending activity.

• Reasons for DeFi Success: The strong recovery of DeFi lending is attributed to its design, risk management, and benefits of algorithmic, overcollateralized borrowing models.

Investing Updates : Ledger Live enables stablecoin yields directly from self-custody with new Kiln integration

Source : 

https://www.theblock.co/post/352160/ledger-live-usdc-usdt-usds-dai-stablecoin-yield-self-custody-kiln?utm_source=telegram1&utm_medium=social

Apple Intelligence : 

• New Feature: Ledger Live now allows users to earn stablecoin yields directly from self-custody.

• Supported Stablecoins: The feature supports USDC, USDT, USDS, and DAI.

• Yield Rate: Users can earn a passive income of 5% to 9.9% on supported stablecoins.

• DeFi Integration: Ledger Live app now supports DeFi yields, allowing users to access DeFi protocols directly.

• Security Enhancement: The integration eliminates the need for third-party web3 wallets, enhancing security and simplifying the user experience.

• User-Friendly Access: Users can easily deposit funds and select desired protocols with clear signing for transparent transactions.

• Partnership Goal: Ledger and Kiln collaborated to provide native access to liquid staking token restaking on EigenLayer within the Ledger Live interface.

• Kiln’s Role: Kiln manages over $11 billion in crypto assets, operating around 4.5% of Ethereum’s and 2.6% of Solana’s total staked assets.

• Ledger’s Market Share: Ledger claims that its devices secure over 20% of the world’s crypto assets.