Gate News message, April 19 — Keone Hon, co-founder of Monad, recommends that pooled lending protocols implement rate limits on collateral asset supply increases rather than opening supply to maximum capacity immediately. For example, when current supply is 100 million and the cap is 300 million, the protocol should only allow supply to increase to 110 million within the next 10 minutes. This approach would limit the exit paths available during hacking attacks, particularly those exploiting unlimited minting vulnerabilities.
Hon argues that lending protocols are typically the largest exit channels for assets, and implementing “smart caps” that start slightly above current supply and gradually adjust toward the true cap over hours could significantly improve risk control. He notes this measure could have prevented rsETH depositors from suffering approximately $200 million in losses today.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Portal Launches 2.0 with AI-Native Focus, Led by Former Ubisoft Director Benjamin Charbit
Gate News message, April 21 — Portal, a cross-chain gaming platform, announced the launch of Portal 2.0, driven by a new leadership team backed by Animoca Brands. Benjamin Charbit, former game director at Ubisoft, has been appointed as CEO. The platform is shifting its strategic focus toward
GateNews11m ago
Startale Expands to Abu Dhabi to Scale Regulated Blockchain Infrastructure
Startale Group, the global crypto infrastructure company behind Japan’s largest public Astar Network chain, is taking one of the world’s fastest-growing state-backed crypto ecosystems in
Abu Dhabi
The company was selected as one of 27 firms from more than 2,400 global applicants for the Hub71
DailyCoin32m ago
KelpDAO $290M Exploit Attributed to North Korea's Lazarus Group
LayerZero attributed a $290 million exploit of KelpDAO's cross-chain rsETH configuration to North Korea's Lazarus Group on April 18, describing the attacker as a "highly-sophisticated state actor." According to LayerZero, the incident was limited to KelpDAO's rsETH setup and did not spread to other
CryptoFrontier1h ago
Ripple XRP Ledger Is Set to be Quantum-Resistant by 2028, Signaling Highly Bullish Future for XRP Price
Ripple XRP Ledger is set to be quantum-resistant by 2028.
This signals a highly bullish future for XRP.
Tron is also working to catch up with this progressive move.
Crypto and blockchain continue to chase success and progress with no concern for the current state of markets. For
CryptoNewsLand1h ago
Ripple Plans Quantum-Resistant XRP Ledger by 2028
Ripple announced on Monday a multi-stage roadmap to build quantum-resistant infrastructure for the XRP Ledger (XRPL) by 2028, addressing growing concerns about the security of existing cryptographic systems against future quantum computing threats.
Quantum Threat Context
While quantum computing t
CryptoFrontier2h ago
DefiLlama Founder: Arbitrum Prioritizing Seized Funds for Aave Market Could Cut Bad Debt by 80%
Gate News message, April 21 — According to DefiLlama founder 0xngmi, if Arbitrum prioritizes using seized funds for the Aave market on Arbitrum, bad debt could be significantly reduced. Under a "loss socialization" scenario, Arbitrum would face no bad debt at all; if rsETH on the L2 faces a
GateNews3h ago
