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DeFi

Learn about DeFi (Decentralized Finance) and its impact on traditional financial systems. Discover the opportunities and challenges it presents.

DeFi

Learn about DeFi (Decentralized Finance) and its impact on traditional financial systems. Discover the opportunities and challenges it presents.

DeFi   -   Dec 17, 2023 Yearn.finance Reaches Out to 'Lucky Traders' After $1.4M Treasury Loss
Yearn.finance Reaches Out to 'Lucky Traders' After $1.4M Treasury Loss

Yearn is actively seeking the return of $1.4 million lost after a multisig script error. Users’ funds have remained unaffected by this incident.

DeFi   -   Dec 13, 2023 Synthetix to End SNX Token Inflation, Shifting Incentive Strategy
Synthetix to End SNX Token Inflation,

Synthetix’s proposed SIP-2043 will halt SNX token inflation, transitioning to a buyback and burn model. This strategic shift is aimed at enhancing support for passive token holders and seeks to strengthen the incentives for purchasing and holding the token.

Flash Loan Attack Drains $4.5 Million, Forces Radiant Capital to Pause Operations on Arbitrum
Lending and Borrowing   -   Jan 04, 2024 Flash Loan Attack Drains $4.5 Million, Forces Radiant Capital to Pause Operations on Arbitrum

Radiant Capital halted its Arbitrum operations after a $4.5 million flash loan attack, highlighting a vulnerability in the protocol. This exploit reportedly leveraged a rounding error in the Compound/Aave codebase.

Mathilde Adam
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Lending and Borrowing   -   Jan 04, 2024 Flash Loan Attack Drains $4.5 Million, Forces Radiant Capital to Pause Operations on Arbitrum
Flash Loan Attack Drains $4.5 Million, Forces Radiant Capital to Pause Operations on Arbitrum

Radiant Capital halted its Arbitrum operations after a $4.5 million flash loan attack, highlighting a vulnerability in the protocol. This exploit reportedly leveraged a rounding error in the Compound/Aave codebase.

Mathilde Adam
DeFi   -   Dec 17, 2023 Yearn.finance Reaches Out to 'Lucky Traders' After $1.4M Treasury Loss
Yearn.finance Reaches Out to 'Lucky Traders' After $1.4M Treasury Loss

Yearn is actively seeking the return of $1.4 million lost after a multisig script error. Users’ funds have remained unaffected by this incident.

Alexander Mardar
DeFi   -   Dec 13, 2023 Synthetix to End SNX Token Inflation, Shifting Incentive Strategy
Synthetix to End SNX Token Inflation,

Synthetix’s proposed SIP-2043 will halt SNX token inflation, transitioning to a buyback and burn model. This strategic shift is aimed at enhancing support for passive token holders and seeks to strengthen the incentives for purchasing and holding the token.

Alexander Mardar
DeFi   -   Dec 05, 2023 Osmosis DEX Merges with UX Lending Platform Boosting DeFi on Cosmos
Osmosis DEX Merges with UX Lending Platform Boosting DeFi on Cosmos

The merger unites Osmosis’s deep liquidity with UX Chain’s lending functionality, fostering innovative DeFi solutions in the Cosmos ecosystem.

Alexander Mardar
Binance   -   Dec 04, 2023 Binance Launches Off-Exchange Pilot Bringing Safer DeFi to Institutions
Binance Launches Off-Exchange Pilot Bringing Safer DeFi to Institutions

Binance has introduced a pilot program enabling banks to custody trading collateral outside the exchange to mitigate counterparty risk for institutional investors. This initiative marks a significant step in combining traditional banking practices with blockchain tech.

Mathilde Adam
DEX   -   Dec 01, 2023 KyberSwap Hacker Demands Full Executive Control: "This is my only offer"
KyberSwap Hacker Demands Full Executive Control: "This is my only offer"

The thief's on-chain "treaty" requests complete authority over Kyber, temporary authority over KyberDAO, as well as all assets owned by the company.

Mathilde Adam
Fireblocks   -   Dec 01, 2023 Fireblocks Launches ‘Off Exchange’ to Reduce Counterparty Risk on CEXs
Fireblocks Launches ‘Off Exchange’ to Reduce Counterparty Risk on CEXs

Fireblocks launched Off Exchange, a new trading system using Multi-party Computation (MPC) wallet technology, enabling institutions to swap tokens without depositing them on centralized exchanges and aiming to eliminate counterparty risk.

Mathilde Adam
Exchanges   -   Nov 29, 2023 Cyber Attacks Appear to be Rising: What Can the DeFi Industry Do?
Cyber Attacks Appear to be Rising: What Can the DeFi Industry Do?

A recent string of hacks on KyberSwap, Justin Sun-associated platforms and Raft expose deep-seated security flaws and show the need for advanced protection for users and investors.

Mathilde Adam
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