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Category: bZx
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Finance Redefined: The curious case of Harvest Finance, Oct. 21-28
Money Legos can be dangerous, especially when you focus on semantics.
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Zero Collateral: $138 Million in Defi Flash Loans Issued in 24 Hours
The decentralized finance (defi) realm continues to heat up with concepts like yield farming, but another scheme called defi flash loans has also grown exponential. On Monday, the noncustodial lending protocol Aave issued $138 million in loans with zero collateral. Since the last week of June, defi flash loans have increased by 809% as the […]
The post Zero Collateral: $138 Million in Defi Flash Loans Issued in 24 Hours appeared first on Bitcoin News.
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Understanding Defi Flash Loans: Complex Attacks, Inflation and Composable Systems
Two recent flash loans on the defi platform Bzx have started a fierce debate about the subject of using uncollateralized loans in a quick trade. Essentially these flash loans are providing people with the ability to borrow crypto without relinquishing any collateral. The scheme was used to exploit funds from the Bzx platform twice, as […]
The post Understanding Defi Flash Loans: Complex Attacks, Inflation and Composable Systems appeared first on Bitcoin News.
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Are the BZx Flash Loan Attacks Signaling the End of DeFi?
Recent attacks on the lending platform bZx have left faith in DeFi shattered, but what actually happened? And can the sector bounce back?
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