Edel (EDEL)

exploit worked b/c Edel’s collateral pricing was weak + manipulable

regular xStocks could suffer the same attack if the protocol priced them using anything sloppy like a thin pool or unguarded rate vs direct oracles

wrapper simply made it cheaper, easier

Canton canton-network:native associated low-caps have been running e.g.- base:0x9818b6c09f5ecc843060927e8587c427c7c93583 & base:0x3bbcb624cb9a1f73163a886f460f47603e5e4425.

I think $EDEL could be next. https://t.co/jtrRtR1f4i

Edel is distributing around 50k $CC rewards per day. Between the 14th and 15th alone, it generated over 331,000 $CC in rewards while netting more than 232,000 $CC in profit.

Out of 132 apps on the network, only about 60 are profitable at all and Edel ranks near the top.

The team is also developing tokenized equities and a privacy-focused perps DEX aimed at institutional use on the same regulated network that Goldman Sachs, HSBC and others already trust. The Canton team recently raised $355 million led by Andreessen Horowitz.

On https://t.co/yJUaPbqesb, users earn $CC rewards based on activity, with higher holdings of EDELX leading to larger shares. $EDEL is currently trading at about 0.175 on Canton versus 0.0145 on Base. The project is generating roughly $40k per day in revenue with a market cap still around 8.7 million.