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The community that governs Lido is currently voting on whether or not it should stake all of the ether in its treasury in its own protocol.  The purpose of the proposal will be to create productive assets in Lido’s treasury that can offset operating costs. Based on current yield prices — around 4-6% a year — it is estimated that the Lido protocol will earn an extra $2 million annually if they stake their current 20,000 supply of ether (ETH).  Lido’s treasury management committee members have all voted to support the proposal. “Great option to generate some yield with Lido’s treasury without incurring unnecessary risks,” a committee member who goes by the pseudonym marcbcs wrote. The main phase of voting has already begun, with almost 100% of members voting in favor of the proposal at the time of publication. An objection phase will follow the main phase of voting and will close on June 30 at 1:47 pm ET.  Although unlikely, the main concern around staking all its treasury ’s ET...

Jesse Hynes, a Web3 lawyer, tagged the SEC and stated that this is the type of activity that they must safeguard investors from. Nonfungible token (NFT) marketplace Blur has recently launched its collateralized lending protocol called Blend, allowing a buy now, pay later approach in purchasing NFTs.  Members of the community had varying reactions. Some believe that it’s massive for the space while others called on the United States Securities and Exchange Commission (SEC) to protect users against such products. On May 1, Blur launched a peer-to-peer perpetual lending protocol called Blend, a platform they developed with the help of the venture capital firm Paradigm. The protocol supports NFT collateral, and the team claims that it would collect zero fees from both lenders and borrowers. A community member praised Blur's new move and believes that it's "massive for the space" and makes things more efficient. They tweeted: Massive for the space - great move by @blur_io...

More than $536,000 was drained from the Synapse Bridge on April 4, according to Ethereum blockchain data. Sentiment, an undercollateralized lending protocol , appears to have been exploited on April 4 for over $500,000 in crypto. Ethereum Blockchain data shows a transaction that transferred 536,738.410031 USD Coin (USDC) from the Synapse Bridge, and this links up with a series of Arbitrum transactions draining coins from the Sentiment protocol .  The wallet performing the attack has been labeled "Sentimentxyz Exploiter" by Arbiscan, and the Sentiment team has announced on Twitter that they are aware of a "potential issue" with the protocol. The Sentiment team has recently been made aware of a potential issue concerning the Sentiment protocol. We are actively looking into the situation and will provide additional information momentarily. — Sentiment (@sentimentxyz) April 4, 2023 Twitter user Officer’s Notes has suggested that this may be a reentrancy attack. The...