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

Edel (EDEL)
Edel Dữ liệu giá trực tiếp
Edel EDEL Lịch sử giá USD
Sở hữu EDEL ngay
Mua và bán EDEL dễ dàng và an toàn trên BitMart.Edel X Insight
In the Edel ecosystem, something bad happened this week.
But despite that, there’s still something to be hopeful for.
Let me give you all the gist.
An exploitation happened on July 1, where an attacker manipulated the wGOOGLx to be worth 78x more than its original price.
And then use it to borrow $400k+ token on Edel, creating a massive debt for the protocol.
Immediately that happened, @edeldotfinance finance addressed the issue, stating that:
>> They’ve paused all contracts
>> No user would bear any loss
>> They’re working on tracking the attacker
>> And offering the attacker a bounty if the funds are returned
Unfortunately, because of the incident, Edel’s TVL took a great hit.
It went down from $600k TVL to $900+
Despite this, the $EDEL went up by 15%+.
Plus, EDEL kept building: 👇
•The founder kept showing up
•Partnerships with Supanova & Silvana occurred
•Users reward distribution went live
With this incident, you would have expected @edelfinance to shut down by now
But it didn’t
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.
Dự đoán giá
Thời điểm phù hợp để mua EDEL là khi nào? Liệu tôi nên mua hay bán EDEL bây giờ?
Dự đoán Beacon
Dự báo giá xác suất cho (24 giờ tới)Dự đoán này là một sản phẩm kỹ thuật thử nghiệm và chỉ được cung cấp để tham khảo. Đây không phải là lời khuyên đầu tư. Những sự kiện bất ngờ trong thế giới thực có thể tác động đáng kể đến hành vi thị trường. Các nhà giao dịch nên đưa ra quyết định một cách thận trọng.