Day: June 29, 2021

broken chain

Not Just a Bank Run: New Evidence Shows Iron Finance Crashed Due to Code Exploit

$2B of market value lost in even less time than what would be considered an “overnight disaster” will be recognized as one of DeFi’s darkest days. It would be pretty unbecoming if the people didn’t band together against centralized entities in Decentralized Finance which caused this debacle. But  the people did, and with the official …

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spartancouncil

Synthetix Founder Announces Return to “Save the Project”

Kain Warwick, founder of derivatives liquidity protocol Synthetix, is back.  The founder had previously stepped away from the protocol to take on a “more passive role,” but has now declared his intention to run for the Spartan Council, an eight-member governance DAO that votes on and manages changes to the protocol. Warwick previously stewarded the …

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