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- In different words, OFT security is built on prime of LayerZero, and if LayerZero is hacked, then so are OFT-wrapped stablecoins.
- This process usually entails a custodian (which could be a centralized entity, a smart contract, or a DAO) that holds the original asset in reserve.
- With over $56 billion locked in these platforms, roughly 35% of whole DeFi TVL, the sector stays the bedrock of DeFi’s growth.
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