Some of the largest decentralized finance (DeFi) protocols are working on replenishing their treasuries while getting ready for the Ethereum Merge.
ETC Group has announced the launch of a new Ethereum exchange-traded product (ETP) ahead of the Ethereum Merge, which is scheduled to occur in mid-September and will see the Ethereum network transition to Proof-of-Stake consensus.
Avalanche-based lending protocol Nereus Finance has been exploited for $371,000 worth of the USDC stablecoin through the use of a flash loan, which is a loan taken and repaid within a single transaction.
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Top stories in the Crypto Roundup today:
- DeFi Protocols Start Replenishing Treasuries After Market Meltdown
- ETC Group Launches ETP Based on ETHPoW
- Avalanche Flash Loan Leads to $371,000 Exploit
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