Hackers are using the ‘classic EIP-7702’ exploit to snatch WLFI

Hackers are using the ‘classic EIP-7702’ exploit to snatch WLFI

World Liberty Financial token holders are reportedly being drained of their WLFI tokens. One security expert points to a phishing exploit tied to Ethereum contracts. World Liberty Financial’s (WLFI) governance tokenholders are being hit with a known phishing wallet exploit using Ethereum’s EIP-7702 upgrade, SlowMist founder Yu Xian says. Ethereum’s Pectra upgrade in May introduced…

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DeFi’s yield model is broken — Here’s how we fix it

DeFi’s yield model is broken — Here’s how we fix it

DeFi needs to move from inflationary token emissions and to sustainable yield models to build lasting value and achieve mainstream adoption. Opinion by: Marc Boiron, chief executive officer of Polygon Labs Decentralized finance (DeFi) needs a reality check. Protocols have chased growth through token emissions that promise eye-popping annual percentage yields (APYs) for years, only…

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# Ethereum’s Shanghai upgrade could supercharge liquid staking derivatives — Here’s how

# Ethereum’s Shanghai upgrade could supercharge liquid staking derivatives — Here’s how

” Ethereum’s Shanghai upgrade could supercharge liquid staking derivatives — Here’s how “ The crypto market witnessed the DeFi summer of 2020, where decentralized finance applications like Compound and Uniswap turned Ether (ETH) and Bitcoin (BTC) into yield-bearing assets via yield farming and liquidity mining rewards. The price of Ether nearly doubled to $490 as…

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