decentralized finance The past week in DeFi was filled with anticipation leading up to the Shapella upgrade on the Ethereum mainnet. The hard fork was successfully completed on April 12, allowing validators to withdraw their staked Ether after three years. However, only 253 validators have signed up to fully exit their staked Ether position, with analytics firm Glassnode predicting that less than 1% of the staked ETH will be withdrawn.
A hacker minted 1 quadrillion Yearn Tether after exploiting an old Yearn.finance contract, and then swapped the yUSDT to other stablecoins, allowing them to take hold of $11.6 million worth of stablecoins. The top 100 DeFi tokens had another bullish week, thanks to a late surge in the crypto market after Ethereum’s much-awaited upgrade. Most DeFi tokens traded in green along with the rest of the market.Just 170,000 Ether of the 18.1 million ETH staked on the Beacon Chain will be unlocked within the first week of the Shanghai hard fork being executed on Ethereum, Glassnode has predicted.
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Despite the success of the Shapella upgrade, a potential privacy concern has emerged for staking ETH. An Ethereum researcher discovered that staking Ether shows a user’s IP address information.
The validator withdrawal feature is part of a later phase, which is not yet live on the mainnet but is currently being tested on various testnets.
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