Day: September 29, 2020

What is Decentralized Finance?

Decentralized finance, or DeFi, is the ecosystem of financial applications being built with blockchain technology and without banks.  Money lives in cages:  Each financial system is locked within its own geographical borders and even then only some can access it. It’s also a system built on top of ancient technology; all the money transmitting protocols …

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Andre Cronje Diehards Take “Test in Prod” Over The Edge With $15M Hack

Hello Defiers, here’s what’s going on in decentralized finance today, Paul Claudius on DeFi project’s decision to freeze tokens after KuCoin hack Andre Cronje’s latest project Eminence gets hacked for $15M before going live Suprfluid is the latest payment streaming protocol and more 🙂 🙏💖 Thanking Everyone Who Has Contributed to The Defiant’s Gitcoin Grant! …

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Andre Cronje Diehards Take “Test in Prod” Over The Edge With $15M Hack

The latest ‘test in prod’ experiment from Yearn founder Andre Cronje has many degen traders questioning their YOLO nature following a flash loan attack of contracts which hadn’t been officially released to the public yesterday afternoon. Eminence Finance, an NFT gaming ecosystem which was still in development, was exploited by a hacker who stole $15M …

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