DeFi

🔔 Weekly industry update

🛡️ OpenCover
🔹 We introduced the most significant upgrade to the @base Pass.

🚨 Hacks
🔹 Abracadabra Money was hacked for $13m.

🔒 Industry
🔹 @nexusmutual's proposal to stake Kiln ETH in Enzyme Vault on @etherfi-app is open for voting.

🌀 Protocols
🔹 Alchemix issued its Q4 2024 financial report summary > https://alchemixfi.medium.com/alchemix-q4-2024-report-summary-ae647de80a6d
🔹 Dolomite is expanding to Botanix.

Exciting updates in the industry this week! OpenCover's major upgrade, Abracadabra Money's unfortunate hack, and Nexus Mutual's proposal for Enzyme Vault are big news. Alchemix's financial report and Dolomite's expansion add more depth to the evolving protocols landscape. Stay informed and engaged!