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3232Hacker Siphons Close to $300K in OHM Tokens From the Olympus DAO
https://www.digit.info/hacker-siphons-close-to-300k-in-ohm-tokens-from-the-olympus-dao/
Fri, 21 Oct 2022 18:30:30 +0000https://www.digit.info/2022/10/21/hacker-siphons-close-to-300k-in-ohm-tokens-from-the-olympus-dao/Read more]]>On Friday, October 21, a malicious entity siphoned 30,437 OHM tokens from the Olympus DAO after finding a loophole in the rebase project’s smart contract. Following the exploit, the blockchain security and data analytics company, Peckshield, detailed the hackers stole close to $300K in OHM tokens. Hacker Exploits Smart Contract’s ‘BondFixedExpiryTeller’ Parameter, $292,000 in OHM […]
]]>Despite the Crypto Market Downturn, DAO Treasuries Grew by $700 Million Since January
https://www.digit.info/despite-the-crypto-market-downturn-dao-treasuries-grew-by-700-million-since-january/
Sat, 01 Oct 2022 14:00:26 +0000https://www.digit.info/2022/10/01/despite-the-crypto-market-downturn-dao-treasuries-grew-by-700-million-since-january/Read more]]>Since January 2022, the entire crypto economy has shed $1.36 trillion in value, as the market capitalization dropped from $2.34 trillion to today’s $979 billion. While the crypto economy is down in value, trade volumes are lower, and the value locked in decentralized finance (defi) has shed billions, treasuries held by decentralized autonomous organizations (DAOs) […]
]]>Terra Proposal Seeks to Expand UST Stablecoin to 5 Different Defi Protocols
https://www.digit.info/terra-proposal-seeks-to-expand-ust-stablecoin-to-5-different-defi-protocols/
Mon, 10 Jan 2022 14:30:00 +0000https://www.digit.info/2022/01/10/terra-proposal-seeks-to-expand-ust-stablecoin-to-5-different-defi-protocols/Read more]]>On January 6, Terra Research announced a proposal to expand the network’s stablecoin asset terrausd (UST) across a number of different protocols on Polygon, Ethereum, and Solana. Terra’s governance blog post discusses how the proposal to leverage $139 million of UST can bolster “awesome use-cases” in the world of decentralized finance (defi). Terra Research Proposes […]
]]>An In-Depth Look at Olympus DAO Protocol and the Not-So-Stable Stablecoin OHM
https://www.digit.info/an-in-depth-look-at-olympus-dao-protocol-and-the-not-so-stable-stablecoin-ohm/
Mon, 01 Nov 2021 14:30:52 +0000https://www.digit.info/2021/11/01/an-in-depth-look-at-olympus-dao-protocol-and-the-not-so-stable-stablecoin-ohm/Read more]]>In mid-October, Bitcoin.com News reported on how decentralized finance (defi) or algorithmic stablecoins have seen significant demand in 2021. One particular stablecoin called OHM is quite different from the traditional reserve currency defi protocols today, as OHM is a free-floating currency backed only by what’s held in the Olympus DAO treasury. OHM may not be […]
On Friday, October 21, a malicious entity siphoned 30,437 OHM tokens from the Olympus DAO after finding a loophole in the rebase project’s smart contract. Following the exploit, the blockchain security and data analytics company, Peckshield, detailed the hackers stole close to $300K in OHM tokens. Hacker Exploits Smart Contract’s ‘BondFixedExpiryTeller’ Parameter, $292,000 in OHM […]
Since January 2022, the entire crypto economy has shed $1.36 trillion in value, as the market capitalization dropped from $2.34 trillion to today’s $979 billion. While the crypto economy is down in value, trade volumes are lower, and the value locked in decentralized finance (defi) has shed billions, treasuries held by decentralized autonomous organizations (DAOs) […]
On January 6, Terra Research announced a proposal to expand the network’s stablecoin asset terrausd (UST) across a number of different protocols on Polygon, Ethereum, and Solana. Terra’s governance blog post discusses how the proposal to leverage $139 million of UST can bolster “awesome use-cases” in the world of decentralized finance (defi). Terra Research Proposes […]
In mid-October, Bitcoin.com News reported on how decentralized finance (defi) or algorithmic stablecoins have seen significant demand in 2021. One particular stablecoin called OHM is quite different from the traditional reserve currency defi protocols today, as OHM is a free-floating currency backed only by what’s held in the Olympus DAO treasury. OHM may not be […]