Mantle
Coverage of Mantle in the Nexus archive.
- Over $7.2 billion have migrated from LayerZero to Chainlink CCIP as Mantle joins exodus
Over $7.2 billion has migrated from LayerZero to Chainlink CCIP, with Mantle participating in the shift.
- Mantle tokenholders approve 30K ETH Aave credit facility after rsETH exploit
Mantle tokenholders have approved a 30K ETH credit facility to help Aave address bad debt created after the rsETH exploit. The exploit strained Aave's WETH market in April. This credit facility aims to alleviate the financial strain.
- The rsETH recovery effort says a lot about who actually shows up in DeFi
DeFi projects like Aave, Lido, and EtherFi coordinated to recover stolen rsETH, with contributions from Mantle, Stani Kryzysczak, Arbitrum, and Solana Foundation. The Ethereum Foundation faced criticism for selling ETH during the crisis, highlighting mixed reactions about their role.
- JUST IN: Aave DAO Contributes 25,000 ETH To DeFi United
Aave DAO has pledged 25,000 ETH to DeFi United, a collaborative initiative aimed at addressing a ~75,081 ETH shortfall in KelpDAO's rsETH recovery. The coalition includes Lido, EtherFi, Ethena, Mantle, and other DeFi entities.
- Mantle proposes up to 30,000 ETH loan to address Aave bad debt from Kelp exploit
Mantle proposes a 30,000 ETH loan to address Aave's bad debt caused by the Kelp exploit. The loan aims to generate yield and strengthen the partnership between Mantle and Aave.
- Crypto protocols pledge 43K ETH to restore rsETH backing
Several cryptocurrency protocols have pledged 43,000 ETH to restore the backing of rsETH through the 'DeFi United' recovery initiative. Participating entities include Mantle, EtherFi Foundation, Golem Foundation, Lido DAO, Ethena, LayerZero, Ink Foundation, and Tyrdo.
- User Funds across Ethereum Layer 2 Blockchains are at MAJOR RISK, including Blast, Optimism, Mantle, and Base. These blockchains are essentially centralized databases controlled by a handful of people who control a single multisignature wallet. Be careful!
User funds on Ethereum Layer 2 blockchains like Blast, Optimism, Mantle, and Base are at significant risk due to centralized control via multisignature wallets. A single developer wallet is linked to setting up and funding most multisig signers for these blockchains, enabling potential manipulation or theft.