Web3 security incident: New @Edge_Pod! The rsETH exploit drained $292M from Aave. But a simple DeFi circuit breaker could have halted the attack or minimized the da

AaveDecentralized lending and borrowing protocol

Aave is a decentralized money market protocol where users can lend and borrow cryptocurrency across 20 different assets as collateral. The protocol has a native token called AAVE, which is also a governance token that lets the community decide the direction of the protocol in a collective manner. Lenders can earn interest by providing liquidity to the market, while borrowers can borrow by collateralizing their cryptoassets to take out loans from the liquidity pools.

RainPermissionless prediction markets, fully on-chain.

Rain is a decentralized options protocol built on Arbitrum. It enables anyone to create and trade custom markets without restrictions, offering a permissionless framework for prediction and options trading. Public markets are resolved using Olympus AI’s oracle agent, while private markets allow creators to act as resolvers. The protocol supports secondary trading, account abstraction for smoother user experience, and a deflationary token model where 2.5% of trading volume is allocated to buy and burn the $RAIN token. Governance of the protocol is carried out by token holders through a DAO.

ContinuumTrust-minimized cross-chain verification without custody

Continuum is a Web3 project on BNB Smart Chain that enables direct interchain verification using cryptographic proofs, bypassing traditional cross-chain middleware. It has a token $CTM and a community with a waiting list.