ArkotNews

Lido needs to complete security audits of its V2 upgrade before it can allow withdrawals.

We love you but we don’t miss you.

The firm introduced an upgraded credit underwriting process and appointed a new head of credit. The developments came after M11 Credit suffered $36 million of loan defaults on lending protocol Maple Finance following FTX’s November collapse.

The queue stood at 14 days late last week, but it’s lengthened as more exit requests piled in from validators on the blockchain. Also, staked ether deposits outpace withdrawals for the first time since last week’s Shanghai upgrade.

The brothers had tried to get outside investment, Bloomberg said.

Max Williams, chief operating officer at Runa Digital Assets, noted the upgrade will allow developers to focus on improving users' experience.

Local stakeholders call the move a “marketing gimmick” while others say it's the most efficient way to distribute economic stimulus.

The exploiter will retain 20% of the stolen funds as a bug bounty.

The European Commission raised the risks to privacy, openness, cybersecurity and equality in online virtual worlds.

Under a new proposal Lido would accept its $1.2 million in ARB tokens and reward them to liquidity providers in wrapped staked ether pools.