TechFlow News: Lending protocol EraLend has announced measures following the recent hack:
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Collaborate with PeckShield for auditing and release a new version of the protocol, continuing development and upgrade plans;
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Rebrand the compromised legacy protocol as EraLend Classic;
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Continue efforts to recover stolen funds, committed to full restitution;
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Engage SlowMist as a security consultant to provide support on fund recovery and product security;
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Introduce new repayment sources, including fundraising, zkSync airdrops, and diversified platform revenues;
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Remove SyncSwap LP tokens as collateral in the new protocol version, using all fee revenues to compensate victims;
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Disable lending functionality on the legacy protocol starting August 8, while maintaining repayment and withdrawal functions until users exit.
