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Jun 18
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Abstracting Away the Complexity of DeFi with Intents\

Cross-chain crypto activity still asks users to make a lot of execution decisions. A simple swap can involve choosing a bridge, checking the destination asset, managing gas, approving tokens, comparing routes, and waiting for settlement. Experienced users may understand these steps, but the process still creates room for mistakes and hidden trust assumptions. Intents are one approach to simplifying that flow. Instead of asking the user to specify every step, an intent lets the user specify the overall goal, leaving the intricacies of execution to the underlying protocol.
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May 16
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Liquid Staking Is Easy to Enter. The rsETH Hack Reminded Me to Study the Exit.\

In April, the Lazarus group, a cybersecurity organization sponsored by the North Korean government, exploited KelpDAO for about $292 million. The hackers used forged cross-chain messages to mint 116,500 unbacked rsETH and then use that asset inside DeFi lending markets. Note: rsETH, issued by Kelp DAO, is a liquid restaking token (LRT), that allows users to deposit their Ethereum staking assets (like stETH or ETHx) into EigenLayer and earn compounded yields. The exploit destabilized the DeFi infrastructure, raising concerns about the security of liquid staking protocols.
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