jonathan

⚠️Important Announcement from the Bedrock Team We want to inform you that the Bedrock team is aware of a security exploit involving uniBTC. The issue has been handled and funds are SAFU. We want to reassure everyone that the underlying wrapped BTCs and BTCs in reserves are secure. The total estimated impact of the exploit is approximately $2 million (mostly in DEX LPs). The root cause has been identified and we are taking steps to address it. A comprehensive reimbursement plan is being finalized and will be shared shortly together with a post-mortem report. Bedrock is collaborating closely with audit teams and white hats to recover the lost funds. A Proof of Reserves will be shared once it is available to ensure transparency. At this time, no extra actions are required from our community. Rest assured that all uniBTC held by users are safe.

UNO's upcoming RWA arm represents a game-changing opportunity to boost the capital efficiency of the UNO DAO, paving the way for a novel revenue source outside the crypto space. 𝗕𝘂𝘁 𝘄𝗵𝗮𝘁 𝗱𝗼𝗲𝘀 𝘁𝗵𝗶𝘀 𝗲𝗻𝘁𝗮𝗶𝗹, 𝗮𝗻𝗱 𝘄𝗵𝘆 𝗶𝘀 𝗶𝘁 𝗶𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁? Within the UNO ecosystem, various pools like SSIPs and SSRPs provide insurance capacity for different policies. The capital locked in these pools generates income for UNO protocol and it's stakers through premium collections and policy sales. Consider a pool centered on stablecoins like $USDT and $USDC. 🟣 Traditionally, these stablecoins don't yield returns on their own, leaving the capital idle. In contrast, stablecoin issuers typically invest in U.S. Treasuries and bonds, earning returns on the side. 🟣 UNO's RWA arm plans to transform this dynamic by enabling the use of tokenized treasury bonds. This will allow the initial capital in these pools to generate additional returns, creating a steady cash flow from outside the crypto market into the UNO ecosystem. 🟣 Moreover, the vision extends towards insuring a wide array of real-world assets in the future. If there's an RWA-focused protocol you're excited about and would like to see featured on the Cover Portal, tag them with a comment below. ↓