š CREAM Finance Exploited for $130M in DeFiās Third-Largest Hack
Hello Defiers! Hereās what we are covering today, News CREAM Finance Exploited for $130M in DeFiās Third-Largest Hack Paradigm Bets on a Cross-Chain Future With $21M Round for Cosmosā Osmosis DEX Video Eyeballs for cash - Worldcoin's ambitious plan to...
By: Ā Ā
Hello Defiers! Hereās what we are covering today,
News
- CREAM Finance Exploited for $130M in DeFiās Third-Largest Hack
- Paradigm Bets on a Cross-Chain Future With $21M Round for Cosmosā Osmosis DEX
Video
- Eyeballs for cash - Worldcoin's ambitious plan to onboard humanity
- Keepin it real with Raoul Pal - ETFs, Stablecoins and Regulatory Headwinds
Podcast
šListen to this weekās podcast w/ Alchemixās Scoopy Trooples:

Links
- Disney to launch NFT digital collectibles with VeVe: Ledger Insights
- Ethereum 2.0 Altair Upgrade Successful, But ETH Tumbles to $4K: Crypto Potato
- El Salvador buys a smokin' hot 420 more Bitcoin: Cointelegraph
- Solana-Based Yield Aggregator Tulip Raises $5M: CoinDesk
- Crypto trade associations saw lobbying boom amid Congressional infrastructure fight: The Block
Most Read in The Defiant
- Abracadabra To Offer Supercharged Stablecoin Yields By Leveraging Terraās Anchor Protocol
- OlympusDAOās Success Inspires Dozens of Forks
- DeFi 2.0 Wave of New Projects Test Liquidity Mining Alternatives
The open economy is taking over the old one. Subscribe to keep up with this revolution. Click here to pay with DAI (for $100/yr) or sub with fiat by clicking on the button below ($15/mo, $150/yr).
š Together with:
- Balancer, one of the leading DeFi automated market makers (AMM) for multiple tokens. Dive into their pools at this link.
- Kraken, consistently rated the best and most secure cryptocurrency exchange, which can get you from fiat to DeFi
- Aave, an open-source and non-custodial liquidity protocol where users can earn interest on deposits and borrow assets.

Hackers Ransack CREAM
š CREAM Finance Exploited for $130M in DeFiās Third-Largest Hack
āWe are investigating an exploit on C.R.E.A.M. v1 on Ethereum and will share updates as soon as they are available,ā the CREAM Twitter account noted.
The attack would be the third-largest in DeFi according to Rekt. It may be the latest example of hackers using flash loans (loans that are executed without the need of collateral as long as theyāre paid back in a single blockchain block) to exploit every last loophole they can find in the open source code across decentralized finance.
According to the CREAM app, there is hardly anything left inside the v1 vaults.
šREAD THE FULL STORY IN THE DEFIANT.IOš
Paradigm Backs Cosmos AMM
šParadigm Bets on a Cross-Chain Future With $21M Round for Cosmosā Osmosis DEX
Cross-blockchain interoperability will require exchanges that donāt care what chain a token is on or what chain itās going to. That vision is being validated today by some of the largest investors in crypto.
Osmosis, a decentralized exchange in the Cosmos ecosystem, today announced a $21M sale of tokens from the Osmosis Foundation treasury, in a round led by Paradigm. Other investors included Robert Leshnerās scout fund, Robot Ventures, Nascent, Ethereal, Figment and Terraform Labs CEO Do Kwon.
šREAD THE FULL STORY IN THE DEFIANT.IOš
Data Dilemma
šEyeballs for cash - Worldcoin's ambitious plan to onboard humanity
Robin Schmidt takes you through the most controversial project in the digital asset space today.
New Show
āØKeepin it real with Raoul Pal - ETFs, Stablecoins and Regulatory Headwinds
Camila Russo and Robin Schmidt are joined by Real Vision co-founder Raoul Pal to discuss Bitcoin ETF(s), algorithmic stablecoins, and the regulatory headwinds facing crypto.
Links
š Disney to launch NFT digital collectibles with VeVe: Ledger Insights
Today Veve announced that Disney will offer non-fungible tokens (NFTs) of its characters as part of a promotion for its streaming video channel Disney+. The NFTs will be āGolden Moments,ā which feature golden statues of the characters as digital collectibles.
š Ethereum 2.0 Altair Upgrade Successful, But ETH Tumbles to $4K: Crypto Potato
The first upgrade on Ethereumās proof-of-stake chain has been deployed successfully but that hasnāt stopped prices from declining.
š El Salvador buys a smokin' hot 420 more Bitcoin: Cointelegraph
The President of El Salvador, Nayib Bukele tweeted earlier today that his government has taken advantage of the recent Bitcoin price drop and added 420 additional BTC to the nationās stash.
š Solana-Based Yield Aggregator Tulip Raises $5M: CoinDesk
The seven-month-old protocol, which at press time held over $800 million in crypto assets, said Jump Capital and Alameda Research led the āstrategic investment.
š Crypto trade associations saw lobbying boom amid Congressional infrastructure fight: The Block
Crypto trade associations reported an unprecedented third quarter for lobbying spending, disclosures filed with Congress in the past few days show.
Most Read in The Defiant
- Abracadabra To Offer Supercharged Stablecoin Yields By Leveraging Terraās Anchor ProtocolāDegenā traders are likely salivating at an announcement by DeFiās rising star Daniele Sestagalli, claiming that they will soon be able to earn high yields from their stablecoins thanks to a new cross-chain, leveraged yield farming protocol.
- OlympusDAOās Success Inspires Dozens of Forks They say imitation is the highest form of flattery. In crypto, this manifests as forks, or copies of a projectās codebase. In that sense, OlympusDAO must be feeling pretty flattered.
- DeFi 2.0 Wave of New Projects Test Liquidity Mining Alternatives Projects like OlympusDAO, Fei Protocol, and Alchemix, are all experimenting with new ways of capturing users with the new challenge of getting them to stay.
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š§āš» āļø Stories in The Defiant are written by Brady Dale, Owen Fernau, Samuel Haig, DeFiDad and yyctrader, and edited by Edward Robinson, Bailey Reutzel, and Camila Russo. Videos are produced by Robin Schmidt, Alp Gasimov and Daniel Flynn. Podcast is led by Camila, edited by Alp.
The Defiant is a daily newsletter focusing on decentralized finance, a new financial system thatās being built on top of open blockchains. The space is evolving at breakneck speed and revolutionizing tech and money. Sign up to learn more and keep up on the latest, most interesting developments. Subscribers get full access, while free signups get only part of the content. Click here to pay with DAI (for $100/yr) or sub with fiat by clicking on the button above ($15/mo, $150/yr).