Bonzo Lend lost approximately $9.05 million after an attacker exploited a verification flaw in a third-party Supra oracle contract on the Hedera network.
- Bonzo Lend lost approximately $9.05 million after an attacker exploited a verification flaw in a third-party Supra oracle contract on the Hedera network.
- The attacker deposited low-value SAUCE tokens and submitted a manipulated price update to inflate the tokens' value, enabling them to borrow assets well beyond their collateral.
- Following the exploit, Hedera's total value locked (TVL) fell by nearly 40% in 24 hours, while Bonzo's TVL plummeted by 77%.
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Beyond the Risk-Free Rate: Diversified Real World Yield in Productive Stablecoins
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters :
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
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Original sourceCoinDesk
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