Posts tagged with

staking(2)

**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 hacked 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 ...

**Staking ETH: A lay of the land**  
Greetings, readers! (or Gm, as we say in crypto). The purpose of this newsletter is to provide digestible breakdowns of complex protocols and product...

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**Rika**  
Making crypto accessible and understandable for all.