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An Infrastructure Outage Temporarily Broke DeFi

Many decentralized finance applications broke down earlier today after a series of unfortunate events resulted in an outage on a key piece of Ethereum infrastructure.  The main lesson of the day is that a *decentralized* financial system shouldn’t be so reliant on a single provider.  Here’s what happened: Developers of Ethereum client Geth —one of…
By: Camila Russo •
An Infrastructure Outage Temporarily Broke DeFi

Many decentralized finance applications broke down earlier today after a series of unfortunate events resulted in an outage on a key piece of Ethereum infrastructure.  The main lesson of the day is that a *decentralized* financial system shouldn’t be so reliant on a single provider.  Here’s what happened: Developers of Ethereum client Geth —one of…

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