Cream Finance

cream

CREAM Finance Attack Leads to $23 Million Loss in AMP and ETH

New token standards introduce complexity that DeFi applications are still learning how to grapple with. Prime example: Money market CREAM Finance was hit with a reentrancy attack on Aug. 30 that allowed attackers to drain $22.8 million in Flexa’s AMP token and $4.2 million worth of ETH (based on market prices in mid-morning trading Monday). …

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yearn ecosystem

Yearn Finance Ecosystem Breakdown –– Pushing the Boundaries of Human Coordination

Yearn Finance surprised the DeFi world late last year when the project announced a flurry of mergers with Cream, Pickle, SushiSwap, Akropolis, and Cover in the span of a week. While the Cover merger ended, the remaining teams continue to collaborate at top speeds enabled by the shared goal of capital efficiency, belief in Yearn’s …

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cream finance

C.R.E.A.M. Finance Unveils Cross-Protocol Flash Loans

DeFi lending protocol C.R.E.A.M. Finance is launching a protocol-to-protocol flash loan product through its Iron Bank, with the aim to increase capital efficiency and expand the scope of decentralized finance. DeFi protocols will now be able to take out flash loans ––uncollateralized loans that need to be repaid at the same block that they are …

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Pancakeswap, Cream Finance, Suffer DNS Attacks

Hackers compromised PancakeSwap’s and Cream Finance’s websites yesterday.  The Domain Name Service (DNS) attack modified the affected protocols’ website to display a request for the user’s seed phrase, which, if submitted, would compromise their entire account. PancakeSwap and Cream urged their users to stay away from their URLs as they scrambled to regain control of …

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You stole $37M, now what? The $CREAM $ALPHA exploit unpacked

You Stole $37M, Now What? The $CREAM $ALPHA Exploit Unpacked

Last weekend Alpha Finance was hacked to the tune of $37m but this was a hack so specific and well-informed it was immediately assumed to have been an inside job. Have you ever wondered what happens when a hack goes down, or how a perpetrator can successfully escape with the money?

Cream Finance Crosses $300M in Deposits

What happens when you fork Compound and add lending pools for DeFi’s most degen assets? You get Cream Finance. In under a month since launch, Cream has aggregated more than $300M in TVL, according to DeFi Pulse, largely thanks to CREAM liquidity mining rewards. Image source: DeFi Pulse What started as a lending protocol for …

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