Inside DeFi 007: 💭 Aave Labs in charge, ACI reaches breaking point
DeFi’s largest protocol, has finally voted on the long-awaited Aave Will Win proposal from Aave Labs. Guess who won.
Read more (3 min) →11 stories, newest first
DeFi’s largest protocol, has finally voted on the long-awaited Aave Will Win proposal from Aave Labs. Guess who won.
Read more (3 min) →Despite a DeFi resurgence, Lido announced a 15% cut of contributors, while a Curve governance proposal suggests cutting Layer Two development.
Curve Finance has warned users to avoid its curve.fi website due to a DNS hijacking attack, which redirects users to a wallet drainer.
Over $20M worth of CRV-collateralised positions were liquidated as the price of the Curve Finance's governance token dropped over 30%.
Attack transactions show the UwU hacker used ‘flash loans’ which can be used to manipulate asset prices on DeFi apps.
Egorov came close to liquidation on his highly leveraged CRV positions, which total over $150M, with CRV dipping below $0.38 on Saturday.
During the early hours of February 1, as soon as the deal expired, three of Micheal Egorov’s counterparties moved a total of 8.75 million CRV.
CRV tokens that Michael Egorov sold to avoid liquidation of his debt were briefly sent to Binance, briefly dropping their price.
Curve reportedly sent the hacker a message telling them they could keep 10% of the stolen funds if they returned the rest.
Michael Egorov has sold over 39 million CRV tokens in OTC deals to protect against his huge loan position being liquidated.