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The Nexus
SECURITYMay 8 · 14:46 UTCCOINTELEGRAPHCointelegraph by Zoltan Vardai

Kelp DAO exploit prompts DeFi protocols to rethink oracle providers

The Kelp DAO exploit has led to a $293 million loss, prompting DeFi protocols like Solv Protocol to migrate to Chainlink infrastructure due to risks in third-party bridge and oracle setups. This move aims to improve security and reliability. DeFi projects are rethinking their oracle providers after the exploit exposed significant vulnerabilities.

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