Integrating EVOLVE, Velo, and Lightnet to unlock asset tokenization, PayFi clearing, and global financial inclusion Velo Protocol today announced the development of the Velo Orbit Plus superapp, an integrated digital platform designed to reinvent how users and businesses interact with tokenized assets, stablecoins, and real-world value transfer. Orbit Plus marks a significant milestone in the Velo roadmap, developed in partnership with EVOLVE and Lightnet Group to power the tokenization and settlement of a new generation of real-world assets (RWAs). Promote the RWA tokenization ecosystem Orbit Plus will serve as the gateway to the rapidly growing RWA ecosystem, developed by EVOLVE, Velo, and Lightnet, which are collaborating to bring real estate, undervalued financial assets, and next-generation sustainable infrastructure, including green energy and two-wheeled electric vehicle charging networks, to the blockchain. The program originated in the Belt and Road corridor in Southeast Asia and aims to release liquidity for long-illiquid assets and broaden participation channels for global investors. Seamless PayFi integration Orbit Plus will directly integrate with Velo’s PayFi network, enabling real-time settlement and frictionless conversion between tokenized RWAs, stablecoins, and fiat currencies. This will ensure that businesses, institutional partners, and retail users can freely and unimpededly move value across the ecosystem. Cross-border payment solutions Leveraging Lightnet’s licensed global payment infrastructure and digital wallet technology, Orbit Plus will also support: - Large-scale, low-cost cross-border clearing - RWA Over-the-Counter (OTC) Trading - Provide scalable financial services for trade and supply chains in the ASEAN market This makes tokenized assets not only an investment category, but also can be used in real finance and trade. Enhance liquidity and market efficiency By combining tokenized assets with stablecoins and regulated clearing rails, Orbit Plus improves transparency, capital availability, and market efficiency, particularly in the rapidly growing Belt and Road economies. Connecting TradFi and DeFi Orbit Plus embodies Velo's mission to connect traditional finance (TradFi) and decentralized finance (DeFi). This super app combines compliant financial infrastructure with intuitive technology to create a unified gateway for the global RWA economy, driving financial inclusion and innovation for both retail and institutional users. About Orbit Plus The Velo Orbit Plus super app is an all-in-one platform currently under development, designed to simplify and enhance the digital financial experience. Core features include: - Wallet management, transactions and points rewards are integrated into one - Personalized dashboard and quick operation tools - White label solution for partners to customize user experience Backed by Lightnet's robust ecosystem, Orbit Plus ensures seamless connectivity across financial services, loyalty, and payments, delivering a consistent and intuitive user experience. About EVOLVE EVOLVE is a strategic RWA tokenization initiative, developed by a consortium of leading institutions in Hong Kong and Thailand. The project focuses on bringing traditionally illiquid, high-value assets onto the blockchain, with a primary focus on high-growth markets along the Belt and Road Initiative in Southeast Asia. Its portfolio encompasses income-generating real estate, undervalued assets, and next-generation sustainable infrastructure, including electric two-wheelers and charging networks. About Velo Protocol Velo Protocol is a pioneer in Web3 financial solutions, providing a next-generation liquidity and settlement network that bridges traditional financial infrastructure with blockchain technology. Powered by the Stellar Network, Velo Protocol offers secure, scalable, and efficient value transfer services to individuals, businesses, and financial institutions worldwide. Through its Real World Restaking (RWR) initiative, Velo Protocol is building the core foundation for the PayFi ecosystem, driving global adoption of stable and yield-generating digital assets. About Lightnet Lightnet Group, headquartered in Singapore, is a fintech company dedicated to bridging the gap between traditional finance and the digital economy. Powered by next-generation blockchain infrastructure, Lightnet provides efficient, low-cost, near-real-time cross-border settlement solutions for financial institutions, remittance operators, and businesses in Asia. Backed by top investors including UOB, Seven Bank, and CP Group, Lightnet builds secure and compliant payment channels, connecting banks, fintechs, and decentralized finance platforms to provide financial inclusion to underdeveloped markets. Integrating EVOLVE, Velo, and Lightnet to unlock asset tokenization, PayFi clearing, and global financial inclusion Velo Protocol today announced the development of the Velo Orbit Plus superapp, an integrated digital platform designed to reinvent how users and businesses interact with tokenized assets, stablecoins, and real-world value transfer. Orbit Plus marks a significant milestone in the Velo roadmap, developed in partnership with EVOLVE and Lightnet Group to power the tokenization and settlement of a new generation of real-world assets (RWAs). Promote the RWA tokenization ecosystem Orbit Plus will serve as the gateway to the rapidly growing RWA ecosystem, developed by EVOLVE, Velo, and Lightnet, which are collaborating to bring real estate, undervalued financial assets, and next-generation sustainable infrastructure, including green energy and two-wheeled electric vehicle charging networks, to the blockchain. The program originated in the Belt and Road corridor in Southeast Asia and aims to release liquidity for long-illiquid assets and broaden participation channels for global investors. Seamless PayFi integration Orbit Plus will directly integrate with Velo’s PayFi network, enabling real-time settlement and frictionless conversion between tokenized RWAs, stablecoins, and fiat currencies. This will ensure that businesses, institutional partners, and retail users can freely and unimpededly move value across the ecosystem. Cross-border payment solutions Leveraging Lightnet’s licensed global payment infrastructure and digital wallet technology, Orbit Plus will also support: - Large-scale, low-cost cross-border clearing - RWA Over-the-Counter (OTC) Trading - Provide scalable financial services for trade and supply chains in the ASEAN market This makes tokenized assets not only an investment category, but also can be used in real finance and trade. Enhance liquidity and market efficiency By combining tokenized assets with stablecoins and regulated clearing rails, Orbit Plus improves transparency, capital availability, and market efficiency, particularly in the rapidly growing Belt and Road economies. Connecting TradFi and DeFi Orbit Plus embodies Velo's mission to connect traditional finance (TradFi) and decentralized finance (DeFi). This super app combines compliant financial infrastructure with intuitive technology to create a unified gateway for the global RWA economy, driving financial inclusion and innovation for both retail and institutional users. About Orbit Plus The Velo Orbit Plus super app is an all-in-one platform currently under development, designed to simplify and enhance the digital financial experience. Core features include: - Wallet management, transactions and points rewards are integrated into one - Personalized dashboard and quick operation tools - White label solution for partners to customize user experience Backed by Lightnet's robust ecosystem, Orbit Plus ensures seamless connectivity across financial services, loyalty, and payments, delivering a consistent and intuitive user experience. About EVOLVE EVOLVE is a strategic RWA tokenization initiative, developed by a consortium of leading institutions in Hong Kong and Thailand. The project focuses on bringing traditionally illiquid, high-value assets onto the blockchain, with a primary focus on high-growth markets along the Belt and Road Initiative in Southeast Asia. Its portfolio encompasses income-generating real estate, undervalued assets, and next-generation sustainable infrastructure, including electric two-wheelers and charging networks. About Velo Protocol Velo Protocol is a pioneer in Web3 financial solutions, providing a next-generation liquidity and settlement network that bridges traditional financial infrastructure with blockchain technology. Powered by the Stellar Network, Velo Protocol offers secure, scalable, and efficient value transfer services to individuals, businesses, and financial institutions worldwide. Through its Real World Restaking (RWR) initiative, Velo Protocol is building the core foundation for the PayFi ecosystem, driving global adoption of stable and yield-generating digital assets. About Lightnet Lightnet Group, headquartered in Singapore, is a fintech company dedicated to bridging the gap between traditional finance and the digital economy. Powered by next-generation blockchain infrastructure, Lightnet provides efficient, low-cost, near-real-time cross-border settlement solutions for financial institutions, remittance operators, and businesses in Asia. Backed by top investors including UOB, Seven Bank, and CP Group, Lightnet builds secure and compliant payment channels, connecting banks, fintechs, and decentralized finance platforms to provide financial inclusion to underdeveloped markets.

Velo Protocol Launches Orbit Plus, a Super App Powering the Future of Real-World Asset (RWA) Tokenization

2025/09/18 20:30

 Integrating EVOLVE, Velo, and Lightnet to unlock asset tokenization, PayFi clearing, and global financial inclusion

Velo Protocol today announced the development of the Velo Orbit Plus superapp, an integrated digital platform designed to reinvent how users and businesses interact with tokenized assets, stablecoins, and real-world value transfer. Orbit Plus marks a significant milestone in the Velo roadmap, developed in partnership with EVOLVE and Lightnet Group to power the tokenization and settlement of a new generation of real-world assets (RWAs).

Promote the RWA tokenization ecosystem

Orbit Plus will serve as the gateway to the rapidly growing RWA ecosystem, developed by EVOLVE, Velo, and Lightnet, which are collaborating to bring real estate, undervalued financial assets, and next-generation sustainable infrastructure, including green energy and two-wheeled electric vehicle charging networks, to the blockchain.

The program originated in the Belt and Road corridor in Southeast Asia and aims to release liquidity for long-illiquid assets and broaden participation channels for global investors.

Seamless PayFi integration

Orbit Plus will directly integrate with Velo’s PayFi network, enabling real-time settlement and frictionless conversion between tokenized RWAs, stablecoins, and fiat currencies. This will ensure that businesses, institutional partners, and retail users can freely and unimpededly move value across the ecosystem.

Cross-border payment solutions

Leveraging Lightnet’s licensed global payment infrastructure and digital wallet technology, Orbit Plus will also support:

- Large-scale, low-cost cross-border clearing

- RWA Over-the-Counter (OTC) Trading

- Provide scalable financial services for trade and supply chains in the ASEAN market

This makes tokenized assets not only an investment category, but also can be used in real finance and trade.

Enhance liquidity and market efficiency

By combining tokenized assets with stablecoins and regulated clearing rails, Orbit Plus improves transparency, capital availability, and market efficiency, particularly in the rapidly growing Belt and Road economies.

Connecting TradFi and DeFi

Orbit Plus embodies Velo's mission to connect traditional finance (TradFi) and decentralized finance (DeFi). This super app combines compliant financial infrastructure with intuitive technology to create a unified gateway for the global RWA economy, driving financial inclusion and innovation for both retail and institutional users.

About Orbit Plus

The Velo Orbit Plus super app is an all-in-one platform currently under development, designed to simplify and enhance the digital financial experience. Core features include:

- Wallet management, transactions and points rewards are integrated into one

- Personalized dashboard and quick operation tools

- White label solution for partners to customize user experience

Backed by Lightnet's robust ecosystem, Orbit Plus ensures seamless connectivity across financial services, loyalty, and payments, delivering a consistent and intuitive user experience.

About EVOLVE

EVOLVE is a strategic RWA tokenization initiative, developed by a consortium of leading institutions in Hong Kong and Thailand. The project focuses on bringing traditionally illiquid, high-value assets onto the blockchain, with a primary focus on high-growth markets along the Belt and Road Initiative in Southeast Asia. Its portfolio encompasses income-generating real estate, undervalued assets, and next-generation sustainable infrastructure, including electric two-wheelers and charging networks.

About Velo Protocol

Velo Protocol is a pioneer in Web3 financial solutions, providing a next-generation liquidity and settlement network that bridges traditional financial infrastructure with blockchain technology. Powered by the Stellar Network, Velo Protocol offers secure, scalable, and efficient value transfer services to individuals, businesses, and financial institutions worldwide. Through its Real World Restaking (RWR) initiative, Velo Protocol is building the core foundation for the PayFi ecosystem, driving global adoption of stable and yield-generating digital assets.

About Lightnet

Lightnet Group, headquartered in Singapore, is a fintech company dedicated to bridging the gap between traditional finance and the digital economy. Powered by next-generation blockchain infrastructure, Lightnet provides efficient, low-cost, near-real-time cross-border settlement solutions for financial institutions, remittance operators, and businesses in Asia. Backed by top investors including UOB, Seven Bank, and CP Group, Lightnet builds secure and compliant payment channels, connecting banks, fintechs, and decentralized finance platforms to provide financial inclusion to underdeveloped markets.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
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Preliminary analysis of the Balancer V2 attack, which resulted in a loss of $120 million.

Preliminary analysis of the Balancer V2 attack, which resulted in a loss of $120 million.

On November 3, the Balancer V2 protocol and its fork projects were attacked on multiple chains, resulting in a serious loss of more than $120 million. BlockSec issued an early warning at the first opportunity [1] and gave a preliminary analysis conclusion [2]. This was a highly complex attack. Our preliminary analysis showed that the root cause was that the attacker manipulated the invariant, thereby distorting the calculation of the price of BPT (Balancer Pool Token) -- that is, the LP token of Balancer Pool -- so that it could profit in a stable pool through a batchSwap operation. Background Information 1. Scaling and Rounding To standardize the decimal places of different tokens, the Balancer contract will: upscale: Upscales the balance and amount to a uniform internal precision before performing the calculation; downscale: Reduces the result to its original precision and performs directional rounding (e.g., inputs are usually rounded up to ensure the pool is not under-filled; output paths are often truncated downwards). Conclusion: Within the same transaction, the asymmetrical rounding direction used in different stages can lead to a systematic slight deviation when executed repeatedly in very small steps. 2. Prices of D and BPT The Balancer V2 protocol’s Composable Stable Pool[3] and the fork protocol were affected by this attack. Stable Pool is used for assets that are expected to maintain a close 1:1 exchange ratio (or be exchanged at a known exchange rate), allowing large exchanges without causing significant price shocks, thereby greatly improving the efficiency of capital utilization between similar or related assets. The pool uses the Stable Math (a Curve-based StableSwap model), where the invariant D represents the pool's "virtual total value". The approximate price of BPT (Pool's LP Token) is: The formula above shows that if D is made smaller on paper (even if no funds are actually withdrawn), the price of BPT will be cheaper. BTP represents the pool share and is used to calculate how many pool reserves can be obtained when withdrawing liquidity. Therefore, if an attacker can obtain more BPT, they can profit when withdrawing liquidity. Attack Analysis Taking an attack transaction on Arbitrum as an example, the batchSwap operation can be divided into three stages: Phase 1: The attacker redeems BPT for the underlying asset to precisely adjust the balance of one of the tokens (cbETH) to a critical point (amount = 9) for rounding. This step sets the stage for the precision loss in the next phase. Phase Two: The attacker uses a carefully crafted quantity (= 8) to swap between another underlying asset (wstETH) and cbETH. Due to rounding down when scaling the token quantity, the calculated Δx is slightly smaller (from 8.918 to 8), causing Δy to be underestimated and the invariant D (derived from Curve's StableSwap model) to be smaller. Since BPT price = D / totalSupply, the BPT price is artificially suppressed. Phase 3: The attackers reverse-swap the underlying assets back to BPT, restoring the balance within the pool while profiting from the depressed price of BPT—acquiring more BPT tokens. Finally, the attacker used another profitable transaction to withdraw liquidity, thereby using the extra BPT to acquire other underlying assets (cbETH and wstETH) in the Pool and thus profit. Attacking the transaction: https://app.blocksec.com/explorer/tx/arbitrum/0x7da32ebc615d0f29a24cacf9d18254bea3a2c730084c690ee40238b1d8b55773 Profitable trades: https://app.blocksec.com/explorer/tx/arbitrum/0x4e5be713d986bcf4afb2ba7362525622acf9c95310bd77cd5911e7ef12d871a9 Reference: [1]https://x.com/Phalcon_xyz/status/1985262010347696312 [2]https://x.com/Phalcon_xyz/status/1985302779263643915 [3]https://docs-v2.balancer.fi/concepts/pools/composable-stable.html
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PANews2025/11/04 14:00