Welcome back to another edition of the ValiDAO Digest!

Each week, we update our dear readers with all the major developments happening within the ecosystems where we operate, provided by your very own local, organic, seed-oil-free validator.

Hyperliquid

Hyperliquid experienced a malicious attack via the JELLY perpetual contract, requiring the validator set to vote and delist the market.

Despite this whole ordeal, HLP ended up in profit, and affected users and traders will be made whole by the foundation.

In response, an entirely on-chain voting mechanism for validators to decide on asset delistings was shipped within a day.

We covered our rationale for voting YES on the upcoming MYRO delisting proposal below.

On a more positive note, Hyperunit has officially enabled spot ETH bridging and trading on Hyperliquid.

Plasma

Plasma has released their technical documentation, detailing a high‑performance, scalable, and secure blockchain purpose‑built for stablecoins.

At its core, Plasma leverages PlasmaBFT, a Fast HotStuff–inspired consensus protocol optimized for rapid finality and low latency—ideal for high-frequency global stablecoin transfers.

You can read more about Plasma here.

Converge

Converge by Ethena has been unveiled, a network which acts as the settlement layer for traditional finance and digital dollars.

Converge aims to address the massive capital disparity between DeFi and TradFi with institutional-grade stablecoin and yield products.

Looped Hype

Looped Hype has increased the Phase 2 cap to 2M HYPE, where depositors can earn 3% of the total token supply.

Nearly half the cap has already been filled, with LHYPE holders benefiting from a dynamically adjusting looping strategy.

Remember to stake with ValiDAO here for seed-oil free consensus services.

Drop

Drop has announced dNTRN, an upcoming liquid staking token for the Neutron network.

deINIT has seen a strong start on Initia testnet and is the first LST to fully integrate staking and DEX rewards into one self-compounding position.

Berachain

Berachain has officially launched Proof of Liquidity, kicking off the long-awaited liquidity flywheel for applications and users.

$1.5M in incentives are already flowing to whitelisted reward vaults, with most pools offering triple-digit APRs.

That's it for this week!

As always, we're committed to providing free-range, locally sourced, and seed-oil-free consensus services from geographically diverse locations.

Until next time!