Liquid staking solutions now have more TVL than DEXs: Finance Redefined

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In this week’s newsletter, we look at April’s DeFi exploits, the growing volume of liquidity staking and more.

decentralized finance April saw several hacks, exploits and rug pulls that resulted in a net loss of over $100 million among several DeFi protocols.

DeFi protocol Level Finance was a victim of an exploit resulting in the loss of nearly $1 million. The attacker manipulated a “claim multiple” bug in a Level Finance smart contract to steal more than 214,000 native Level Finance tokens from the exchange.

 

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