LayerZero's Single-Verifier Failure and the Kelp DAO Exploit
A post-mortem of the Kelp DAO cross-chain exploit, what LayerZero's single-verifier configuration revealed, and what a defensible DVN architecture should look like.
A post-mortem of the Kelp DAO cross-chain exploit, what LayerZero's single-verifier configuration revealed, and what a defensible DVN architecture should look like.
A state-of-play on tokenized Treasuries, private credit, and the regulatory and settlement plumbing that still gates RWA composability in DeFi.
On-chain perpetual exchanges have made the vault the residual counterparty. We dissect how that design transmits loss, and where it breaks.
A trilateral comparison of custodial, CDP, and delta-neutral stablecoin designs, and what a sustained negative funding regime would do to USDe.
A structural comparison of Babylon's Bitcoin-native staking and EigenLayer's ETH restaking — slashing, rewards, operator selection, and downstream effects.
A post-mortem of the Kelp DAO cross-chain exploit, what LayerZero's single-verifier configuration revealed, and what a defensible DVN architecture should look like.
A state-of-play on tokenized Treasuries, private credit, and the regulatory and settlement plumbing that still gates RWA composability in DeFi.
On-chain perpetual exchanges have made the vault the residual counterparty. We dissect how that design transmits loss, and where it breaks.
A trilateral comparison of custodial, CDP, and delta-neutral stablecoin designs, and what a sustained negative funding regime would do to USDe.
A structural comparison of Babylon's Bitcoin-native staking and EigenLayer's ETH restaking — slashing, rewards, operator selection, and downstream effects.
Recently, CoreDAO filed a lawsuit against Maple Finance and published an injunction granted by the Grand Court of the Cayman Islands. In Web3 and DeFi, this is likely to stand as a case where disputes over copyright and IP, rather than hacks, are litigated in real-world courts. This article analyzes the case and its implications.