Weekly Update. 🏛

Seneca is now live on #Ethereum, with over $240,000 collateralized in its PT-eETH Chamber (@ether_fi x @pendle_fi).

Provide $senUSD liquidity on the Ethereum Mainnet to earn $SEN rewards: https://t.co/2FKsju8xYv

The PT-rsETH Chamber is…

PT-eETH Chamber. 🏛

The PT-eETH Chamber (@ether_fi x @pendle_fi) on Ethereum has currently reached its maximum borrowing capacity.

• 150,000 $senUSD borrowed
• $350,000+ TVL

🔗 https://t.co/dQZyUejfvA

Additional $senUSD will be available for borrowing…

PT-eETH Chamber. 🏛

The borrowing capacity for the PT-eETH Chamber (@ether_fi x @pendle_fi) has been increased.

100,000 $senUSD is now available to borrow using PT-eETH as collateral on #Ethereum.

🔗 Access the Seneca dApp at:
https://t.co/dQZyUejfvA

PT-eETH Chamber. 🏛

The PT-eETH Chamber (@ether_fi x @pendle_fi) on Ethereum has currently reached its maximum borrowing capacity in just a few minutes.

• 250,000 $senUSD borrowed
• $500,000+ TVL

Additional $senUSD will be available for borrowing soon.…

PT-rsETH Chamber. 🏛

The borrowing capacity for the PT-rsETH Chamber (@KelpDAO x @pendle_fi) has been increased.

200,000 $senUSD is now available to borrow using PT-rsETH as collateral on #Ethereum.

🔗 Access the Seneca dApp at:
https://t.co/dQZyUejfvA

Protocol Metrics. 🏛️

You can now view the protocol metrics on @DefiLlama.

Seneca has surpassed $1 million in Total Value Locked (TVL), with over 46% of the circulating supply currently staked.

Stay updated on the growth by visiting the link below:
🔗 h…

Protocol Update. 🏛️

As Seneca crossed $1 million in TVL, we marked the first milestone of its bootstrapping phase.

A. Expansion Phase
B. Liquidity Avenues
C. Staking Update
D. Seneca V2: Liquidationless Borrowing
E. Upcoming Collaterals

Keep reading to…

senUSD LP Incentives. 🏛

Earn $SEN incentives by depositing liquidity into the senUSD/USDC pool on #Arbitrum or #Ethereum.

APR on Ethereum: ~111%
🔗 https://t.co/2FKsju8xYv

APR on Arbitrum: ~73%
🔗 https://t.co/owrHoClswn

apxETH Chamber. 🏛

The apxETH Chamber (@redactedcartel) is now Live on #Ethereum, with a current borrowing capacity of 200,000 $senUSD.

🔗https://t.co/dQZyUejfvA

Borrow $senUSD against $apxETH while earning #LSD yield on your collateral. ⌛️

senUSD LP Incentives. 🏛

The incentives for the senUSD/USDC pool on #Ethereum have been boosted.

Current APR: ~152%

🔗 https://t.co/2FKsju8xYv

Deposit liquidity on @CurveFinance to earn $SEN incentives. ⌛️

PT-eETH Chamber. 🏛

The PT-eETH Chamber (@ether_fi x @pendle_fi) on #Ethereum has currently reached its maximum borrowing capacity.

• 750,000 $senUSD borrowed
• $1,700,000+ PT-eETH TVL

Additional $senUSD will be available for borrowing soon. ⌛️

PT-ezETH Chamber. 🏛

The PT-ezETH Chamber (@RenzoProtocol x @pendle_fi) is now live on #Ethereum, with a current borrowing capacity of 200,000 $senUSD.

🔗 https://t.co/dQZyUejfvA

Users can now borrow $senUSD against PT-ezETH, all while earning fixed yield…

PT-eETH Chamber. 🏛

The PT-eETH Chamber (@ether_fi x @pendle_fi) is now Live on #Arbitrum, with a current borrowing capacity of 200,000 $senUSD.

🔗 https://t.co/dQZyUejfvA

Users can now borrow $senUSD against PT-eETH, all while earning fixed yield on their…

PT-rsETH Chamber. 🏛

The PT-rsETH Chamber (@KelpDAO x @pendle_fi) is now live on #Arbitrum, with a current borrowing capacity of 200,000 $senUSD.

🔗 https://t.co/dQZyUejfvA

Users can now borrow $senUSD against PT-rsETH, all while earning fixed yield on their…

We are actively working with security specialists to investigate the approval bug found today.

In the meantime, REVOKE approvals for the following addresses:

#Ethereum
PT-ezETH 0x529eBB6D157dFE5AE2AA7199a6f9E0e9830E6Dc1
apxETH 0xD837321Fc7fabA9af2f37E…

We continue investigating the exploit and proactively reaching out to third parties for support.

Security always comes first for Seneca, that's why we chose @HalbornSecurity for the audit of the Chambers contract and adhered to best practices for oracle…

We're happy to see 80% of funds have been returned.

Transaction link: https://t.co/VzqCvt24pF

The exploit involved assets held in users' wallets. The exploit didn't involve funds directly deposited into Seneca (Seneca's TVL).

The recovery of funds through…

Seneca Exploit: Post-Mortem

After the exploit, a thorough post-mortem analysis was conducted to pinpoint the cause of the breach.

Refunds will be processed as our plan is put into action.

For details, see the article below.
https://t.co/kABuslb5Pa

As the causes of the exploit have now been identified, we are working on remediations to make the Chamber contracts safe again.

The exploit didn't involve Seneca's TVL directly but rather funds held in the wallets of users that previously guaranteed unlimited…