Analysis: 47% of LayerZero apps share KelpDAO's security flaw

An analysis suggests the recent KelpDAO hacking incident was caused by lax security settings. Citing on-chain data analytics platform Dune, Wu Blockchain reported that 47% of LayerZero-based apps (OApps) use a 1-of-1 Decentralized Verifier Network (DVN) method, which requires approval from only a single validator. KelpDAO itself used this minimum security configuration. With only 5% of OApps employing higher security settings requiring multiple validators, such as 3-of-3 or more, concerns are growing about the potential for a similar incident to recur.