Dossier
tBTC
Coverage of tBTC in the Nexus archive.
- Why do bridges still fail so often in DeFi
The Verus Ethereum Bridge was exploited for around $11.58 million, damaging confidence in DeFi and highlighting the need for ecosystems that reduce dependence on bridging. The exploit included ETH, tBTC, and USDC funds. This incident underscores the ongoing problem of bridge failures in DeFi.
- DMD Protocol — Built a Bitcoin-backed system on Base that removes mining energy from the scarcity equation — want serious feedback on what we missed
DMD Protocol has launched a Bitcoin-backed system on Base Mainnet that eliminates energy-intensive mining by using real Bitcoin as a reserve and enforcing scarcity through immutable smart contracts. The protocol is seeking feedback on potential vulnerabilities, including game theory edge cases and attack vectors, while emphasizing risks like immutability and smart contract irreversibility.