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Thursday’s Market Madness Strained Ethereum’s Killer App: DeFi

So many people were trying to use the Ethereum blockchain during Thursday’s market meltdown that many applications simply stopped working as intended.  The decentralized finance (DeFi) sector was hit particularly hard. The decentralized services that feed price information into these headless lending platforms – known as “oracles” in the industry – simply couldn’t keep up. Oracles could …

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Understanding Defi Flash Loans: Complex Attacks, Inflation and Composable Systems

</header> <strong>Two recent flash loans on the defi platform Bzx have started a fierce debate about the subject of using uncollateralized loans in a quick trade. Essentially these flash loans are providing people with the ability to borrow crypto without relinquishing any collateral. The scheme was used to exploit funds from the Bzx platform twice, …

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Is It Exploitation Season for DeFi?

Are two recent attacks taking advantage of “flash loans,” low liquidity and price oracle issues the first of more to come? Part of what makes decentralized finance, or DeFi, interesting to people is how it takes advantage of open-source protocols to enable types of transactions never before available. The problem, however, is financial structures mean …

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These Are the Most Traded Tokens on Decentralized Exchanges Right Now

</header> <strong>The decentralized exchange landscape is evolving fast, with new liquidity aggregators and relays enhancing usability while reducing slippage. Trade volumes are also strong across the leading ERC20 DEXs and Binance DEX. The bulk of this volume is captured by a small proportion of tokens, however, whose demand augurs well for the projects and the …

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Traders Turn to DeFi to Capitalize on Tuesday’s Crypto Market Spike

Decentralized finance (DeFi) applications are popping off Tuesday, and the ETH price spike isn’t the whole story. As of this writing, ETH is up around $20 since Monday. “Cryptocurrencies are still pretty correlated so with some of the developments around Craig Wright and BSV, that ended up moving the entire market,” Paul Veradittakit, of Pantera …

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