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Project Overview
Edel Financea is a decentralized, non-custodial lending protocol built on the Ethereum Virtual Machine, specifically designed to handle tokenized equities and other Real-World Assets (RWAs). The platform aims to recapture revenue typically taken by financial intermediaries by allowing users to earn yield on idle stocks through automated lending pools and to borrow cash using their crypto and tokenized assets as over-collateralized security.
Related news
EDEL Rises After Joining DTC Digital Asset Solutions Industry Working Group, Two Addresses Accumulate 7.89 Million EDEL Tokens Recently
Odaily News: According to Lookonchain monitoring, EDEL rose after @edeldotfinance joined the DTC Digital Asset Solutions Industry Working Group. Recently, ezhomi.base.eth bought 5.33 million EDEL worth $98,000 over a period of 4 days; another address bought 2.56 million EDEL worth $48,000 in the past 2 days.
CertiK: Edel Finance Lending Market Attacked, Losses Approximately $204,000
According to monitoring by security firm CertiK Alert (@CertiKAlert), the Edel Finance lending market suffered a vulnerability exploit, with the attacker manipulating the collateral price of the wGOOGLx token (which relies on its GOOGLx balance) to extract approximately $204,000 in funds through the lending function.