Exploits
Doomsday Scenarios in DeFi Revolve Around Stablecoins USDC and USDT
Doomsday scenarios in DeFi revolve around the strength of stablecoins such as USDC and USDT.
Markets Roundup: Ethereum Burn Rate Surges as DeFi Tokens Post Mixed Performance
This week's markets roundup reports on Ethereum's burn rate and the mixed performance of top tokens like…
MakerDAO’s Update is a Pure Expression of DeFi 2.0
IntoTheBlock explores how MakerDAO's update will allow it to interact with the secondary market with more control…
Aave V3 is About to Pass in Governance Vote
All signs point towards lending giant Aave getting a V3 soon. Voting is now live on Snapshot,…
Anubis DAO Descends Into the Underworld After $60M Exploit
Anubis DAO, a recently launched fork of Olympus DAO, is engulfed in chaos after 13.6K ETH ($60M) was drained from the protocol today.
CREAM Finance Exploited for $130M in DeFi’s Third-Largest Hack
DeFi lending protocol CREAM Finance has been exploited for over $100M, according to data compiled by security firm Peckshield.
DeFi Blue Chips Are Lagging ETH by The Most Ever Amid Record-Breaking Rally
The DeFi Pulse Index comprising Uniswap, Aave, and other blue chips has lagged Ethereum during the latest rally.
Victims of $30M Parity Wallet Hack Offer Attacker $60M 'Bounty'
The victims of a 2017 hack - Aeternity, Edgeless, and Swarm City -have offered a bug bounty to recover their stolen ETH.
Arrival of Futures ETFs Stokes Bitcoin in DeFi
Bitcoin in decentralized finance has been surging since speculation strengthened that the U.S. Securities and Exchange Commission would finally approve an exchange-traded fund to invest in the world’s largest cryptocurrency. BTC deposited into Ethereum’s DeFi ecosystem as shown on DeFi…
DeFi 2.0 Wave of New Projects Test Liquidity Mining Alternatives
Things aren’t getting easier for those struggling to stay current with the lightning quick DeFi space. Just when you think you’re up to speed with the latest token or protocol along comes something new. Brace yourselves because here comes DeFi…
Rari Capital Launches Permissionless Lending Pools to Become Uniswap of Lending
Rari Capital, the DeFi protocol created by teenagers, has shipped perhaps its biggest product to date — permissionless lending pools. The new feature allows anyone to create a lending and borrowing pool on the open interest rate protocol, meaning anyone…
Abracadabra’s Stablecoin Races Past $1B and Sparks Talk of Overtaking MakerDAO
New collateralized stablecoin, Magic Internet Money (MIM) is challenging MakerDAO, the grandaddy protocol of DeFi. MIM, issued by lending protocol Abracadabra, broke $1B in supply on Oct. 5, placing it seventh overall in terms of stablecoin market cap, according to…
DeFi Powerhouses Curve and Aave Deploy on Avalanche to Profit from Incentives
Incentives work. Or at least they do in terms of wooing DeFi protocols to deploy on other blockchains. Case in point, Curve Finance, the automated market maker, and Aave, the leading DeFi lending project, have each deployed their offerings on…
DAOs Accelerate Token Swaps in Push to Diversify Their Treasuries
DeFi DAOs have made some serious cash in 2021 — but generally only in their native tokens. Now they’re looking to diversify. Fueled by a combination of rising token prices and an explosion in fee revenues as DeFi continues to…
Fireblocks Draws Closer to Getting Wall Street Cash on DeFi Giant Aave
Fireblocks, the digital asset security firm, has posted a proposal on Aave’s forum to scrutinize and approve participants on the DeFi giant’s platform. If Aave governance passes the whitelisting proposal, Fireblocks would be able to onboard a slew of institutional…
DeFi Market Stabilizes After White Knuckle Drops Monday
Crypto markets Tuesday morning appeared to be shaking off gut-wrenching falls in the last 24 hours. At one point Monday, At one point, ETH nosedived 2.8% in an hour. Ethereum was up 0.5% in trading at 7:15 AM, according to…
DeFi Lending Venture Rides Solana’s High-Speed Chain to $100M in Deposits
Solend, a lending platform built on the proof-of-stake blockchain, Solana, has hit $100M in deposits, according to its team. Solend has done so without liquidity mining opportunities, but those are coming. Solend works basically the same way Compound and Aave…
Inside the Hunt for the Jay Pegs Auto Mart Thief and 865 ETH
It took the team at Jay Pegs Auto Mart basically zero time to identify and find the hacker responsible for stealing the proceeds from their auction of DONA tokens on SushiSwap’s MISO platform Thursday night. “It only took us five…
What Is Leveraged Yield Farming and How Can It Bring Higher Returns?
In DeFi, while it’s not necessarily true that bigger is always better, the beauty of a high APY never fails to turn heads. And regardless of how much higher DeFi yields are compared to traditional finance, there’s no shortage of…
Crypto Day Trading: Leveraged Yield Farming Strategies
Does leveraged yield farming sound intimidating? It’s understandable that some would feel that way. After all, leverage and yield strategies are tools that professional investors have been known to utilize, their inner workings esoteric to the every-day investor. Yet, with…
Scaling DAOs Won't Be Easy: Five Major Challenges to Overcome
The only thing cooler than working for one DAO is working for all the DAOs. But to do that you need to figure out what all DAOs need. That sounded tricky to us, too. So we asked! We gathered together…
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…
Bug in Leading Ethereum Node Software Has Caused the Chain to Fork
A bug in outdated versions of the leading Ethereum client for node operators, Geth, is causing forks on the chain, according to research by the Block. According to The Block, this could enable double spends on the world’s second-largest blockchain…
Crypto Laws, Lobbying & Activism: The Time Has Come For DeFi to Get Serious About D.C.
Earlier this month when the infrastructure bill came with a provision to broadly expand the definition of brokers to include blockchain ecosystem participants such as miners, developers, and others, the crypto industry sprung into action. Builders, investors, enthusiasts, lawyers, and…
Layer 1 Player Avalanche Offers $180M in Incentives to Woo Defiers
Layer 1 blockchains are making extraordinary offers to attract DeFi protocols and juice liquidity. It was Harmony earlier this week, and now it’s Avalanche. The Avalanche Foundation is offering $180M in liquidity mining incentives to bring more apps into its…
Harmony One Invites Curve and Aave to Join its Blockchain
Five months after opening the door to SushiSwap, Harmony One is inviting more major DeFi apps to hop on its blockchain. Harmony One, one of a handful of platforms that uses sharded proof-of-stake for consensus, wants Curve Finance, the automated…
Hackers Wanted: $1M Bounties Entice White Hats to Hunt for DeFi Bugs
Should I just steal the money? There’s a vulnerability in the code… Of a DeFi protocol with $3B in TVL. I was just looking at the open-source code for fun. But now, it’s serious. There’s a bug bounty, a reward…
The Bulls are Back Despite Crypto’s Washington Woes
The crypto rally is raging even as regulation that has the potential to clampdown on the industry looms in the U.S. Digital assets are up across the board — Bitcoin has surged 14% in the last seven days, hitting a…
Layer 1 Player Avalanche Offers $180M in Incentives to Woo Defiers
Layer 1 blockchains are making extraordinary offers to attract DeFi protocols and juice liquidity. It was Harmony earlier this week, and now it’s Avalanche. The Avalanche Foundation is offering $180M in liquidity mining incentives to bring more apps into its DeFi ecosystem. The first recipients?…
Harmony One Invites Curve and Aave to Join its Blockchain
Five months after opening the door to SushiSwap, Harmony One is inviting more major DeFi apps to hop on its blockchain. Harmony One, one of a handful of platforms that uses sharded proof-of-stake for consensus, wants Curve Finance, the automated market maker, and Aave, the…
Hackers Wanted: $1M Bounties Entice White Hats to Hunt for DeFi Bugs
Should I just steal the money? There’s a vulnerability in the code… Of a DeFi protocol with $3B in TVL. I was just looking at the open-source code for fun. But now, it’s serious. There’s a bug bounty, a reward that pays out $10K to…
The Bulls are Back Despite Crypto’s Washington Woes
The crypto rally is raging even as regulation that has the potential to clampdown on the industry looms in the U.S. Digital assets are up across the board — Bitcoin has surged 14% in the last seven days, hitting a high of $46,704 in the…
Poly Network Hacked For Over $600M In Biggest DeFi Exploit Ever
At 6am ET on August 10, over half a billion dollars worth of crypto assets were stolen from Poly Network, a cross-chain protocol that facilitates token swaps across multiple blockchains including Ethereum, Binance Smart Chain and Polygon. With the total drained at $600M, this is…
Gelato Releases Tool to Ease Pain of Liquidations
Liquidations are a pain for Defiers, but a new tool aims to prevent them automatically. Decentralized bot network, Gelato Network, released a user interface yesterday which will automatically pay down users’ debt on lending platform Aave if they are close to liquidation. The interface, called…
The Defiant's Definitive Guide to DeFi
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This guide is meant to be a one-stop-shop to get started. These are all the DeFi basics you will need to start exploring the internet of money.
