Understanding Defi Flash Loans: Complex Attacks, Inflation and Composable Systems

Understanding Defi Flash Loans - Complex Attacks, Inflation and Composable SystemsTwo 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 […]

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Defi for Bitcoin: Collateral Peg Platform Provides Noncustodial BTC Lending on Ethereum

Defi for Bitcoin - Collateral Peg Platform Provides Noncustodial BTC Lending on EthereumDuring the second week of February, a new project called tBTC was unveiled that is similar to the Wrapped Bitcoin (WBTC) created with the Ethereum network. However, the tBTC effort claims to be a noncustodial application that allows users to deposit BTC, mint tBTC, and lend it with interest. Also Read: Market Update: Bitcoin Halving […]

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Bancor’s DeFi Ecosystem is Growing Rapidly

TheMerkle Bancor ConcernsThe DeFi industry is getting a lot of attention lately. Whereas most people look at Ethereum, it appears that Bancor is growing quickly as well. Bancor is one of the many protocols catering to users seeking financial products and services. DeFi on Bancor Gains Traction It is only normal that this protocol would make inroads in the DeFi industry as well. Its numbers pale compared to Ethereum, but the progress is still visible for everyone to see. Today, it seems as if over $13.34 million is locked in Bancor DeFi solutions. That is a more than respectable amount, especially for

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DEX Volume Soars But Bzx Exploit Raises Questions About ‘Decentralization Theatre’

DEX Volume Soars But Bzx Exploit Raises Questions About ‘Decentralization Theatre’As the decentralized finance juggernaut rolls inexorably forward, the exploitation of defi project Bzx – in which $350K, or around 2% of total assets was taken – has called the decentralization of the industry into doubt. The attack forced an admin key reset to redeem lost funds and sparked a surge in defi insurance, with […]

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