Security Incident at Bybit Leads to Temporary Pause of USDe-Related Vaults
Security Incident at Bybit Leads to Temporary Pause of USDe-Related Vaults
🚨 Bybit Vaults Take a Break
Key Updates:
Notional has temporarily suspended operations for March USDe PT, May sUSDe PT, and Curve USDe/USDC vaults following a security incident at Bybit
Safe's security team is actively collaborating with Bybit officials on an ongoing investigation
No evidence of compromise found in the official Safe frontend
Safe{Wallet} has implemented temporary functionality restrictions as a precautionary measure
Current Status: The situation is being actively monitored, with expectations of a benign resolution. User security remains the top priority, with further updates pending.
We have temporarily paused functionality in the March USDe PT, May sUSDe PT, and Curve USDe/USDC vaults due to a security incident at Bybit earlier this morning: We are monitoring the situation and expect a benign resolution. Info for Notional users 👇 x.com/ethena_labs/st…
We are aware of the situation currently evolving with Bybit and are continuing to monitor developments. As a reminder: all spot assets backing USDe are held in off exchange custody solutions, including ByBit via Copper Clearloop for this precise reason. Not a single dollar of
🚀 Notional Exponent Launches $liUSD-4w Leveraged Vault with Infinifi
Notional Exponent has launched a new leveraged vault featuring **$liUSD-4w** from Infinifi, now live on the platform. **Key Details:** - Vault exclusively available on Notional Exponent - Offers leveraged yield opportunities - Users can earn Infinifi points alongside yields - Represents expansion of Notional's vault offerings beyond traditional fixed-rate lending This launch follows Notional's evolution from its core fixed-rate lending protocol to include more sophisticated DeFi products through the Exponent platform.
🔮 Infinifi Oracle Integration Eliminates Flash Crash Liquidation Risk
Notional's market now uses an **exchange rate oracle from the Infinifi protocol**, fundamentally changing liquidation mechanics for $liUSD-4w positions. **Key changes:** - No liquidation risk from temporary market price swings or flash crashes - Liquidations only occur from actual investment losses that reduce $liUSD-4w value - Oracle reports exchange rates rather than spot prices This follows similar implementations for mHYPER and mAPOLLO markets, which use Midas-reported exchange rate oracles. The approach allows users to maintain leveraged positions without fear of short-term volatility triggering forced liquidations. Liquidation risk remains possible, but only when underlying asset performance genuinely deteriorates - not from market noise.
🎁 Notional Exponent Launches with 100,000 $NOTE Incentive Program
Notional is distributing **100,000 $NOTE tokens** to early users of its Exponent vaults over the first six weeks. **How it works:** - Deposit funds into a Notional Exponent vault - Earn $NOTE tokens proportional to your deposit size - Larger deposits = more $NOTE earned The incentive program aims to bootstrap liquidity for Notional's new Exponent product, which builds on the protocol's existing fixed-rate lending and borrowing infrastructure. [Learn more about Notional Exponent](https://notional.finance)
Notional Introduces Smart Withdrawal for Instant Position Unwinding
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🚀 Notional Launches First Exponent Vault with Midas RWA
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