Nick Chong
DeFi News
Flash Loan Attacker Drains $8M From Warp Finance
Investors are depositing millions into new DeFi protocols launched by anonymous developers, at times only to be wiped away in a hack. The latest to suffer that unfortunate fate is Warp Finance. Promising to be a money market where users can borrow and lend tokens and stablecoins representing liquidity in automated market makers, Warp rapidly…
DeFi News
Traders Pour $200M+ Into New Risk-Hedging DeFi Protocols in Two Weeks
There’s a new investment category rising in DeFi: yield optimized by risk level. At least two projects, Saffron Finance and Barnbridge, have started to offer investors the ability to earn differing yields in accordance with their risk tolerance. Barnbridge currently has $186 million in liquidity mining deposits just weeks after its launch on October 20th,…