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Category: Compound
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CEO of trading firm Genesis, Michael Moro, stated that according to his views the decentralized finance (defi) space is still too risky for institutions to step in. Moro explained that there have been some important mistakes made by high-profile defi protocols that are putting customers’ funds at risk. This is why the space is being […]
Compound crisis averted? Securing exposed COMP could be just the start
Compound protocol has placed $150 million worth of COMP tokens at risk, but a bug fix is likely to remedy the situation after giving the community a scare.
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Compound unanimously passes proposal to repair bug
Proposal 064 seeks to repair the token distribution bug introduced during Proposal 062 once and for all.
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Compound Facing More Problems: More Than $140 Million in Tokens up for Grabs
Compound, one of the main cryptocurrency lending protocols on Ethereum, is facing serious problems again. According to banteg, a Yearn developer, someone called a function that moved more funds to be available for users to claim. Now, users can claim up to $140 million of the protocol’s native currency, comp. Compound is hoping users won’t […]
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Compounding problems: $65m more COMP at risk as devs wait for time-locked bug fix
While Compound’s developers submitted a fix for the protocol’s bug on Sept. 30, the update won’t take effect until a seven-day time-lock on code updates has passed.
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Defi Platform Compound Bug Allows Users to Claim $88 Million in Tokens
Compound, one of the trademark defi protocols on the Ethereum blockchain, is experiencing a bug that allows users to reclaim unusually high amounts of its native token. The issue was caused by the implementation of a proposal that modified the contract that awards tokens to users. Compound Labs founder Robert Leshner declared that user funds […]
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Compound supply bug mistakenly rewarded users with $70M in tokens
It is expected that the total figure of tokens could rise to north of $85 million.
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Total Value Locked Across Defi Nears $200 Billion, Non-Ethereum Projects Gather Steam
At the time of writing, the total value locked (TVL) in decentralized finance (defi) is around $176 billion across various blockchains like Ethereum, Binance, Terra, Polygon, Solana, and Avalanche. While Ethereum commands $130 billion of the aggregate total locked, a myriad of other defi-fueled blockchains continue to see TVLs steadily rise. Total Value Locked Across […]
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Blockchain Groups From Major Universities Are Powerful Voters in Defi Governance Protocols
Data shows a number of groups from major universities are participating in decentralized finance (defi) governance. For instance, out of 15 of the largest voters in Uniswap’s last governance proposal, six of the major voters were tied to universities like Harvard, Berkeley, Stanford, Penn, Michigan, MIT, and Columbia University. Blockchain University Groups Identified as Major […]
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Compound Launches Treasury to Introduce Institutions to Defi
Compound, one of the leading defi-based protocols, is launching a new service called Treasury. Compound’s Treasury is a new product designed to help institutions enter the defi space. Launched in partnership with Circle and Fireblocks, it skips the uber astounding rates conventional defi protocols offer. However, it seeks to offer stable revenue for companies looking […]
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