**Onyx Protocol Relaunches After $3.8M Hack**

Decentralized finance protocol Onyx is bouncing back after a $3.8 million hack on Sept. 27. The community has approved the Onyx Improvement Proposal (OIP)-46 to relaunch Onyx Core, its open-source financial network, with a focus on stronger governance.

Key changes include:

- Shutting down the Ethereum-based lending market

- Reimbursing lenders 1:1 for their assets

- Introducing Onyxcoin (XCN) staking

The proposal received unanimous support and will be executed on Oct. 1. The restructuring aims to secure the protocol from future attacks, following vulnerabilities exploited in previous hacks.