Crypto investor turns $50 million into $36,000 in one botched move
Aave founder Stani Kulechov said the interface displayed multiple slippage warnings, which the user manually accepted on a mobile device.
Decentralized Finance
DeFi to Have ‘Walled Garden’ Moment as Internet of Money Matures: dYdX’s D’Haussy
The CEO of the dYdX Foundation sees parallels between the internet of the 1990s and where Decentralized Finance (DeFi) is today.
DeFi Protocol Penpie Exploited for $27M of Crypto Assets; PNP Token Craters 40%
Crypto users lost some $2 billion due to hacks, scams and exploits throughout 2023, one report said.
Chaos Labs Raises $55M as Demand Grows for On-Chain Risk Management
The influx of capital comes as Chaos Labs, founded in 2021, looks to expand its platform, designed to address the growing need for automated risk management in decentralized finance (DeFi).
DeFi Lender Liquity Unveils New Stablecoin With User-Set Borrowing Rates in White Paper
Liquity V2 will allow borrowers to set their borrowing costs, a novel approach in DeFi, and pays the lion’s share of protocol revenues back to liquidity providers.
EigenLayer, Crypto’s Biggest Project Launch This Year, Is Still Missing Crucial Functionality
The “restaking” protocol with $15 billion in deposits won’t pay rewards to depositors and is missing its mission-critical “slashing” feature.
Crypto Venture Capital Fundraising Jumped Over 50% in March Amid Rally
Most capital went into infrastructure and decentralized finance (DeFi) projects, data by RootData shows.
DeFi Borrower Behavior Key to Gauging Tokenization Risks: BIS Study
The study was designed to look at the largely unexplored “intricacies” of user behavior and dynamics of decentralized finance lending, the authors said.
DeFi Platform Pendle Nears $1B in Total Value Locked
Pendle crossed the $100 million TVL mark in mid-June 2023.
DeFi Identity Should Be Focus of U.S. Policymakers, CFTC Says
The Commodity Futures Trading Commission wants U.S. policymakers to evaluate options for regulating the issue of identity information in decentralized finance, a report published Monday said.