Day: March 2, 2021

Yearn Raises Dai Vault Limit as Alchemix Deposits Surge

Deposits in Yearn Finance’s DAI vault are rising after synthetic assets protocol Alchemix started using Yearn for its backend last week.  Alchemix deposits quintupled to almost $130M from less than $25M on Feb. 27, when the protocol launched. The surge pushed Yearn to raise its Dai vault limit to 300M from 100M. The move shows …

Yearn Raises Dai Vault Limit as Alchemix Deposits Surge Read More »

Furucumbo Commits to Compensating Hack Victims

An anonymous hacker has exploited transaction batching  protocol Furucombo and walked away with $15M in stolen crypto over the weekend. The team is pledging to compensate victims. The attacker used a contract which tricked Furuсombo into thinking that their contract was a new version of Aave, and was able to transfer funds of every user …

Furucumbo Commits to Compensating Hack Victims Read More »