Maker community scrambles to fix long-standing vulnerability to flash loans
A relatively benign attack highlighted the potential threat of flash loans. Go to Source Powered by WPeMatico
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DeFi tokens are oversold but revenue and TVL show traders expect a bounce
The pullback in the value of Yearn.finance and Aave signals that the DeFi market may be oversold but increasing revenues of the top projects suggests otherwise. Go to Source Powered by WPeMatico
Did a class-action suit play a role in Maker’s refusal to compensate March crash victims?
The community had originally voted in favor of compensation, but the final tally showed a different outcome. Go to Source Powered by WPeMatico
Makerdao Vote to Not Compensate Black Thursday Victims Receives Harsh Criticism
Large Makerdao holders decided not to compensate the victims that were liquidated during the unexpected flash crash that took place on March 12, otherwise known as ‘Black Thursday.’ An aggregate total of 38 votes was cast and more than 65% of the governance portal participants voted for zero compensation. The day after March 12, otherwise … Read more
Over 15% of ETH Supply Locked in Smart Contracts, BTC Dominance Declining
The rapid growth of decentralized finance (defi) protocols is contributing to the increasing proportion of ETH supply that is now locked in smart contracts. More than 15% of the total ETH supply is now locked, compared to 11.5% from a year ago. This growth led to the inevitable decline of BTC dominance. According to a … Read more
Maker seemingly gives up on Dai peg as interest rates are raised above 0%
It seems zero interest rates were not enough to keep DAI stable. Go to Source Powered by WPeMatico
Maker community thanks yEarn for seemingly restoring DAI peg
A massive yield farming strategy finally provides a mechanism to push the DAI price down. Go to Source Powered by WPeMatico
Money Market Protocol Aave Settles $300 Million in Defi Flash Loans
This weekend the decentralized money market protocol Aave broke records as the community witnessed a massive flash loan of $14 million worth of the stablecoin DAI. So far, the Aave protocol has seen over $300 million in flash loans to-date and this trend doesn’t seem to be abating any time soon. In just a short … Read more
Compound governance proposal seeks to end COMP yield farming craze
A Compound proposal could put a major dent in the profits for all yield farmers. Go to Source Powered by WPeMatico
Ross Ulbricht Uses Snail Mail to Send Correction for Blog Post on MakerDAO
Getting all the facts right is hard, especially when you don’t have internet access. Go to Source Powered by WPeMatico
