Kelp DAO Fallout Pushes Solv, DeFi Protocols Toward Chainlink

ETH

ETH/USDT

$1,875.12

-0.44%

$1,875.12

-0.44%

(24s)

24h Volume

$2,687,533,032.63

24h H/L

$1,892.31 / $1,869.17

Change: $23.14 (1.24%)

Long/Short

68.0%

Long: 68.0%Short: 32.0%

Funding Rate

+0.0030%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,875.34

▼ -0.04%

Volume (24h): -

Resistance Levels

Resistance 3$1,932.34

Resistance 2$1,910.65

Resistance 1$1,884.13

Price$1,875.34

Support 1$1,865.97

Support 2$1,837.64

Support 3$1,795.03

Pivot (PP):$1,879.16

Trend:Sideways

RSI (14):49.6

Cointelegraph Staff

(02:46 PM UTC)

1 min read

Verified byDavid Kim

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Decentralized finance protocols are reevaluating their blockchain oracle providers’ security after the fallout from the $293 million Kelp DAO exploit last month. Several protocols have announced migrations to Chainlink infrastructure in recent days, citing security concerns around third-party oracle and bridge providers.

On Thursday, Bitcoin DeFi platform Solv Protocol announced it would migrate…