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DeFi Shifts to Proven Oracles After Massive Hack
Published 2 weeks, 4 days ago
Description
DeFis security takes a hit as Kelp DAO loses $293M in exploit, prompting protocols to switch to Chainlinks Cross-Chain Interoperability Protocol. LayerZeros cross-chain tech is blamed, while Chainlink gains market share, securing over $32B. DeFi consolidates around proven oracles, sparking debates on over-reliance.
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