Fintech– 10

LayerZero commits 10,000 ETH to DeFi

The Block·April 28, 2026 at 08:50 PM

LayerZero has allocated 10,000 Ether to support the DeFi United initiative, demonstrating a significant commitment to the decentralized finance ecosystem. This move comes as Kelp, a platform utilizing LayerZero's technology, reported an exploit due to its default configuration in the Decentralized Verifier Network. The substantial ETH commitment signals LayerZero's intent to bolster security and development within DeFi, potentially mitigating risks associated with such exploits.

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LayerZero commits 10,000 ETH to DeFi

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