The founder of dForce, Mindao, pointed out that the current market big dump is similar to the Luna incident, as large trading platforms accept illegal stablecoins as high LTV collateral, leading to risk transmission. He emphasized that illegal stable assets combined with high collateral rates and market price feeds further amplify the risks, especially as LSD-type assets face the same issues.

Lair Finance's $LsINJ is officially launched, becoming the first LSD application of Injective. Users can stake INJ to obtain liquid tokens, participate in multi-chain strategies, and enjoy AVS rewards. The price of $LAIR has risen by 20%.

On December 23, LSD Fi protocol Hydro Protocol announced that its Loop Stake maximum cap has been increased from $1.2 million to $2.4 million.

Golden Finance reported that the LSD protocol Hydro Protocol tweeted that it has burned 1 million HDRO tokens, worth about $102,000. Earlier news, Hydro Protocol completed a new round of financing in February this year, Injective

PANews June 24th news, according to the official website of STFIL Protocol, the LSD protocol STFIL in the Filecoin ecosystem