Dune Analytics reveals that 47% of Layerzero applications rely on a single-verifier security setup. The recent KelpDAO exploit, which lost nearly $300 million, underscores the risks of minimal cross-chain security configurations.

Dune Analytics found that 47% of LayerZero apps use a 1-of-1 DVN setup, while only about 5% use three or more verifiers, renewing concerns over cross-chain security after the KelpDAO incident.

Dune Analytics reports that 47% of Layerzero applications rely on the minimal 1-of-1 DVN configuration, following the $300 million KelpDAO exploit. Only 5% use three or more verifiers. The findings highlight critical security gaps in cross-chain infrastructure.

Dune Analytics data shows 47% of 2,665 Layerzero omnichain apps rely on 1-of-1 DVN security. Only 5% use 3+ verifiers. The KelpDAO exploit highlights vulnerabilities in minimal cross-chain security configurations.

Dune Analytics reveals ~47% of Layerzero apps rely on the lowest-tier DVN (1-of-1) security configuration, while only 5% use 3+ verifiers. The KelpDAO exploit underscores cross-chain risks.

LayerZero Labs attributed the $290M KelpDAO exploit to a sophisticated infrastructure attack by Lazarus group, asserting zero contagion. However, Chainlink's Zach Rynes and other community members criticized verifier centralization as the root cause, escalating the DeFi security debate.

DeFi United, a cross-protocol bailout fund, has raised $160 million to cover Aave's bad debts from the KelpDAO bridge exploit on April 18. Mantle and Aave DAO contributed 55,000 ETH. The incident caused Aave TVL to drop $6-9 billion and broader DeFi losses exceeding $13 billion.

DeFi United has raised $160 million to address the bad debt from the KelpDAO bridge exploit that hit Aave V3 markets. The attack created up to $230.1 million in bad debts, and major contributors include Mantle and Aave DAO with 55,000 ETH.