Millions lost after three DeFi protocols hacked in one weekend
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DeFi darlings Dough Finance, Ethena, and Minterest were hit by major incidents last weekend proving again that the sector can be a minefield.
DeFi darlings Dough Finance, Ethena, and Minterest were hit by major incidents last weekend proving again that the sector can be a minefield.
Ethena, the brainchild of Arthur Hayes, claims to pass along Ethereum’s staking yield on steroids as a 37% USD APY.
Almost two years after its spectacular blow-up, Three Arrows co-founder Zhu Su has helpfully offered advice to Ethena on how to manage risk.
MakerDAO says the vault would start with a cap of 600 million Dai, which could be adjusted up to 1 billion according to demand and risk.
Newly-launched ‘synthetic dollar’ Ethena says it’s banking on using CEX liquidity rather than the less popular decentralized exchanges.