Plasma Protocol Reaches $100M TVL Within 24 Hours of Launch
Plasma Protocol Reaches $100M TVL Within 24 Hours of Launch
🚀 $100M in 24hrs
Plasma Protocol achieved over $100M in Total Value Locked (TVL) within just 24 hours of deployment.
Key highlights:
- Protocol launched and immediately attracted significant capital
- Liquidity flows directly into Aave vaults to boost yields for liquidity providers
- Aave simultaneously reached $4B+ TVL during the same period
The rapid adoption demonstrates strong market demand for the protocol's yield-boosting mechanism. By channeling funds into established Aave infrastructure, Plasma creates additional earning opportunities for participants while leveraging proven DeFi protocols.
Balancer Investigation Continues with Law Enforcement on Fund Recovery
**Investigation Status** Balancer's recovery efforts for affected funds remain ongoing with law enforcement involvement. The team cannot share additional details at this time due to the active investigation. **Potential Future Distributions** - Any recovered funds may be distributed to affected users - Distributions would require approval through Balancer's governance process - Timeline remains uncertain as investigation continues The protocol maintains transparency about the situation while respecting law enforcement protocols.
Balancer Sets 180-Day Claim Window for Affected Users Under BIP-892
Balancer has established a **180-day claiming period** for affected users under BIP-892. **Key Details:** - Users must claim their assets within the specified 180-day window - After this deadline, unclaimed assets will be classified as dormant - The allocation of dormant assets will be determined through a separate governance proposal This policy follows similar precedents in DeFi governance, where unclaimed tokens are typically redirected to DAO treasuries after specified deadlines.
Gnosis Chain Develops Separate Recovery Mechanism for Lost Funds
**Gnosis Chain is working on its own claim mechanism for users who lost funds.** Following a hard fork that secured affected funds, the network is developing a separate recovery process. The mechanism is currently under development, with updates to be announced when available. **Key Points:** - Recovery handled independently by Gnosis Chain - Hard fork successfully secured the funds - Claim mechanism still in development - Official updates coming soon Users affected by fund losses should wait for official announcements from Gnosis Chain regarding the claim process.
Balancer Opens Claims for Whitehat-Rescued Funds from November Incident
Balancer has opened a 180-day claim window for users affected by the November 3rd V2 incident to recover whitehat-rescued funds. **Key Details:** - Claims process follows BIP-892 governance proposal - 180-day deadline for affected users to submit claims - Merkl waived campaign creation fees to support the recovery effort - Unclaimed assets after the window become dormant and subject to future governance decisions Affected users should act within the claim period to recover their funds.
Monad Ecosystem Hosts Multi-Protocol Livestream with Six Major Projects
The Monad ecosystem is organizing a livestream featuring representatives from six protocols: - **Fastlane** (Tom Fastlane) - **Magma** (Jerry PPB) - **Neverland** (Alice NVR) - **Curvance** (Crypto Tom) - **Kintsu** (Alexi0s) - **Balancer** (Marcus) The session aims to showcase developments within the Monad ecosystem. Previous community events have included discussions about the network's roadmap and featured projects like Curvance, Kizzy Mobile, and PingMe.