DeFi United Gets $100M in Public Pledges
AI Summary
The DeFi United recovery fund has raised 73,700 ETH of the 163,200 ETH hole created by the April 18 Kelp bridge exploit, with a new TokenLogic proposal to tap 25,000 ETH from Aave's treasury. Perp DEX Lighter launched Multi-Asset Margin, enabling ETH as collateral for perpetuals trading. Crypto markets remained calm with BTC near $77,500 and ETH around $2,316.
Key Facts
Author Takes
Lighter's competitive position
Lighter has lost ground in the perp DEX race since its token launch, making the Multi-Asset Margin upgrade an attempt to recapture market share.
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