Last weekend, Alchemix, which offers automatic repaying loans, shipped a vault that accepts ETH. Alchemix users will now be able to borrow alETH, Alchemix’s token that’s soft-pegged to ETH, using ETH as collateral. The collateralization ratio: 400%. The launch came with a debt cap of 2,000 alETH and it was reached within a day of launch,…

Twenty days after upgrading its “Polygon Bridge” smart contract, Zapper found a vulnerability in its own deprecated version.  According to a tweet, the Zapper project “exploited the vulnerability ourselves and all of the funds have been rescued.” The problem would have affected those with an infinite approval for the bridge contract. Infinite approval is part…

User’s of the Zapper-Matic/ Polygon bridge have been experiencing issues recently. In this tutorial we demonstrate how to revoke token approvals using Polygonscan.

Who doesn’t love a money printer? Algo Season 2.0 is here.  Last Friday, Malt Protocol launched the latest entry in the algorithmic stablecoin market. This summer, investors have flocked to this corner of the DeFi space to ride out the selloff in the larger crypto universe. Polygon is currently the favored choice of yield farmers…

Have you noticed the last few months just how rapidly the AMM and DEX space has been evolving? There has been an explosion of new products and innovations which are helping to move these products into a new era of capital efficiency. Uniswap’s v3 launch was the most eye-catching with the provision of concentrated liquidity…

In this week’s episode I speak with Mariano Conti, the former head of smart contracts at MakerDAO. Mariano knows the value of having permissionless and uncensorable currencies first hand —he started earning in Bitcoin in 2014 in Argentina because pesos would instantly lose value and it was hard to get dollars. When he learned about Ethereum…

When Satoshi first published the Bitcoin whitepaper to the world, he titled it “Bitcoin: A Peer-to-Peer Cash System” and although Bitcoin would evolve to adopt the digital gold narrative instead, the dream of creating a fully functional digital cash system has remained. Stablecoins, defined as a subset of cryptocurrencies that are pegged to a specific…

The World Economic Forum, a bastion of the global establishment and ultra-exclusive club for heads of state, billionaires, and policymakers, is embracing DeFi. Well, sort of. In another sign that decentralized finance has spurred serious study in influential think tanks, the Geneva-based WEF issued a “Policy-Maker Toolkit.” The 38-page white paper explores DeFi’s benefits and…

Curve Finance, long distinguished by its homogenous-asset pools, has taken a walk on the wild side.  The automated market maker (AMM) rocked DeFi yesterday by releasing a pool containing USDT, WBTC, and ETH on Ethereum and another including USDC and DAI as well on Polygon. This was a first for Curve, which had up until…

Lots of laser eyes….but little actual legislation, at least for now.  El Salvador’s adoption of Bitcoin as legal tender this week has captured the imagination of lawmakers across Latin America. That’s no surprise considering the region, long plagued by underdevelopment and volatile politics, has struggled to enfranchise its citizens in the global financial system, with…