Today in DeFi - ConsenSys Linea Alpha, Rodeo Exploit, Native BTC Bridging, ...

Linea Mainnet Alpha

ConsenSys L2 Linea launches mainnet alpha and starts to onboard launch partners. Linea will open the network to the public next week at EthCC.
In the launch post, Linea claims there is no token as it uses ETH as the network currency.

Rodeo Exploit

Arbitrum-based leveraged farming protocol Rodeo was attacked for $880k due to oracle dependency. Rodeo has paused the protocol while investigating, and is asking the hacker to return stolen funds.

Axelar x Microsoft

Axelar and Microsoft teams up to develop and offer blockchain interoperability products. Axelar’s interoperability solutions will be made available to Microsoft’s customers through the Azure cloud marketplace.

CoW Hooks

CowSwap launches CoW Hooks, an enahcenment to its code base. CoW Hooks allow devs to implement custom-coded DeFi actions that execute directly before and/or after user trades.

AlgoFi Winding Down

Algorand-based lending protocol Algofi, holding 55% of Algorand TVL, announces it will wind down the protocol due to the non-viability of its current business model. The Algofi website is now in withdraw-only mode.

Voting: BIFI Migration

Beefy DAO is taking a signalling vote to migrate away from Multichain by redeploying $BIFI on Ethereum.

New Token Model, Bridging, …