The Block·Zack Abrams·4h agoBreaking

DeFi lending protocol Term Finance loses an estimated $8.5 million to governance exploit

Term vault proposals face a seven-day delay and can be vetoed by liquidity providers, yet those controls apparently did not stop the exploit.

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💬 Discussion: DeFi lending protocol Term Finance loses an estimated $8.5 million to governance exploit Term vault proposals face a seven-day delay and can be vetoed by liquidity providers, yet those controls apparently did not stop the exploit.

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