How Decentralized Finance Became Ethereum’s Top Dog

Projects like MakerDAO, Compound, dYdX and Dharma realized in 2018 they were a distinct group with shared interests within the cryptocurrency industry. Finance has been part of Ethereum from the beginning, but the first attempt to do finance on the “world computer” ended in disaster in 2016: The DAO. A unit of account was key […]

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Exploit During ETHDenver Reveals Experimental Nature of Decentralized Finance

DENVER – Decentralized finance (DeFi) project bZx has suffered an attack in which a hacker successfully gamed multiple DeFi protocols to extract $350,000 from the platform, about 2 percent of the assets under management. In response, the company took down its lending and trading protocol Fulcrum at 7:00 UTC. The company was presenting at ETHDenver […]

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