# #970 - TheDAO Hack 10 Years Later, Polygon Hits 5,000 TPS, Steakhouse Confidential USDC Vault

> Today marks 10 years since TheDAO hack, Polygon raises block gas limit to 160M, Steakhouse launches Confidential USDC vault on Morpho.

**Published by:** [ETH Daily](https://ethdaily.io/)
**Published on:** 2026-06-18
**Categories:** news, june2026, 2026
**URL:** https://ethdaily.io/970

## Content

Quick Take TheDAO hack 10yr anniversary. Polygon raises block gas limit to 160M. Steakhouse cUSDC vault on Morpho. Plasma One live with Aave yield. Ondo adds 173 tokenized. Advertise The trusted Ethereum news briefing since 2022, reaching 6,000+ audio subscribers, 4,000+ newsletter subscribers, and 26k+ combined social followers. Want to reach the ETH Daily audience? Learn more at ethdaily.io/ads. TheDAO Hack: 10 Years Later Ten years ago today, TheDAO was hacked, draining millions of ETH from what was then the largest crowdfunding event in history and forcing Ethereum's most consequential decision: a hard fork that split the chain into Ethereum and Ethereum Classic. The recovery was unprecedented, with developers executing counter-hacks to rescue the drained ETH and every affected participant made whole, receiving their ETH back plus bonus ETC from the fork. A decade later, TheDAO has been reborn with a new mission focused on Ethereum security, with its recent Ethereum Security QF Round allocating $1 million in ETH to over 134 projects. Read more Polygon Hits 5,000 TPS After Gas Limit Upgrade Polygon raised its block gas limit to 160M at 1.5-second blocks as part of its most recent upgrade, enabling up to 5,000 payments per second and marking the latest milestone on its Gigagas roadmap. Prior upgrades added EIP-7702 gasless transactions, made every confirmed block final, and cut confirmation times by two seconds. The upgrade directly supports Polygon's Open Money Stack, the stablecoin payment rail that entered technical preview this month, where Stripe enables USDC payments in 150+ countries, Polymarket settles billions in volume, and BlackRock's BUIDL, Franklin Templeton's BENJI, and Apollo's tokenized fund are all live. Read more Steakhouse Launches Confidential USDC Yield Vault Steakhouse Financial launched the first DeFi yield product built for confidential USDC (cUSDC), deploying the Steakhouse Confidential USDC Prime vault on Morpho with confidentiality powered by the Zama Protocol. The vault gives cUSDC holders access to the same strategy as Steakhouse's flagship USDC Prime vault, with deposit sizes, direction, and entry timing kept encrypted onchain using Fully Homomorphic Encryption. Users shield standard USDC into cUSDC, deposit into the vault, and earn yield from the underlying Morpho vault, with no bridging or new chain. Deposits open June 23, and a shielding campaign runs June 17 to June 22. Read more Plasma One Neobank Launches With Aave Plasma launched Plasma One, a stablecoin-native neobank with in-app lending and yield powered by Aave. The app lets users pay directly from a stablecoin balance while earning up to 6% yields, positioning the product as a single interface for saving, spending, and earning in dollars globally. Plasma One pairs the lending integration with consumer card features, including up to 3% cash back on physical or virtual cards that work across 150+ countries and over 150 million merchants, plus zero-fee USD₮ transfers and a virtual spending card issued in minutes. Read more Ondo Expands Tokenized Stock Catalog Ondo Global Markets added 173 new tokenized stocks and ETFs, bringing its total catalog to more than 430 tokenized equities and funds live on Ethereum. The additions broaden sector coverage well beyond blue-chip names, spanning AI, robotics, quantum computing, defense tech, critical materials, and data center energy, alongside BlackRock active ETFs and covered-call income strategies. The catalog gives onchain users exposure to traditional markets without a brokerage, with trading and settlement handled on Ethereum. The growth lands days after Uniswap listed tokenized securities from Ondo, xStocks, and Backed. Read more Other News OKX adopts Chainlink on X Layer Glamsterdam live on devnets Sesame now live on Arbitrum STRATO ICO retrospective Swellchain begins shut down Vercel eve agent framework ScopeLift introduces Cactus Disclaimer: Content is for informational and educational purposes only and does not constitute financial, investment, legal, or other professional advice. No representations or warranties are made as to accuracy, completeness, or timeliness. Use of this content is at your own risk, and you should consult a qualified professional before making decisions. No fiduciary or advisory relationship is created

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