Aave has coordinated a multi-protocol relief effort called “DeFi United” to compensate victims of the KelpDAO exploit — a $47 million attack that rocked the restaking ecosystem earlier this month.The initiative has secured pledges from the Ethereum Foundation, Golem Foundation, Lido DAO, Ethena, LayerZero, Ink Foundation, and Tyrdo, collectively representing approximately $12 million in committed support for affected users.Aave founder Stani Kulechov framed the initiative as collective responsibility. “We succeed together or we fail together,” he said. “DeFi’s legitimacy depends on how we respond when things go wrong.”KelpDAO’s rsETH token was at the center of the exploit, which involved a…
Author: Laura Martinez
Input Output Global (IOG) has officially launched Midnight — a privacy-preserving sidechain enabling enterprises and government entities to transact on a public blockchain while keeping sensitive data confidential.Midnight uses zero-knowledge proof technology to allow selective disclosure: a business can prove it holds a valid credential or has executed a qualifying transaction without revealing the underlying data. This has attracted interest from healthcare providers, financial institutions, and public sector organizations.Charles Hoskinson, Cardano’s founder, described Midnight as “the missing layer for enterprise blockchain adoption,” arguing it eliminates the impossible choice between transparency and privacy that existing public blockchains force on users.The network…