DeFi Adoption: Mainstream Says “What’s In It For Us?” Actually, a Lot.

DeFi, in its current form, won’t see mass adoption if it fails to address some of the fundamental tensions that the ecosystem is facing, says Brian Fu, Co-Founder of zkLend. Sponsored Sponsored Much is said about DeFi’s core mission: to create greater financial inclusion and bank the unbanked. For mass adoption of DeFi to be … Read more

Hacks: Decentralized Finance Should Steal Ideas from Traditional Finance

Hacks in the DeFi world are always in the news. DeFi protocols should start using risk management rule sets and tooling already used in traditional finance, says Kate Kurbanova of Apostro. Sponsored Sponsored A single vulnerability in smart contracts can cost DeFi projects millions in user funds. While technical vulnerabilities and bugs are the first attack … Read more

Hacks: DeFi Should Emulate Ideas from Traditional Finance

Hacks in the DeFi world are always in the news. DeFi protocols should start using risk management rule sets and tooling already used in traditional finance, says Kate Kurbanova of Apostro. Sponsored Sponsored A single vulnerability in smart contracts can cost DeFi projects millions in user funds. While technical vulnerabilities and bugs are the first attack … Read more

Multichain Has Recovered 50% of Stolen Funds From January Exploit

The “ultimate cross-chain router for Web3” Multichain recovered nearly $2.6M in lost funds from recent liquidity pool and router contract exploits. Sponsored Sponsored The Multichain protocol announced the recovery of 50% of stolen funds from an exploit first identified on Jan. 10, 2022. Sponsored Sponsored Blockchain security company Dedaub notified Multichain about two soft spots … Read more

The Rising Standards of DeFi Amidst A Bear Market

It’s no longer enough for DeFi initiatives to simply hand out tokens to attract investors. As DeFi is not just a fringe of financial interactions, the standards for projects in the space are rising.  Sponsored Sponsored The recent market downturn is a reason for concern in the crypto space. At the time of writing the … Read more

44 DeFi Hacks in 2021 Were Due to Centralization Issues – CertiK Report

44 DeFi hacks in 2021 were a result of centralization issues, according to a report by blockchain security firm CertiK. The report noted that security was becoming a priority task as DeFi gained even more steam. Sponsored Sponsored Blockchain security firm CertiK, in a report published on Jan. 8, said that a sizable number of … Read more

It’s Important for DeFi to Know About Catastrophic Risk

When it comes to risk coverage in insurance, ensuring that you’ve chosen the right solution is crucial. Risk can vary in type and extent, which makes finding an appropriate one difficult. Sponsored Sponsored It’s essential to understand what kinds of risks are covered before moving forward with any plans or solutions. After all, what’s the … Read more

DeFi is the Wild West – Can Crypto Insurance Tame the Space?

In the middle of August, the crypto community experienced a record-breaker. Though not quite the type most are used to seeing. Sponsored Sponsored On August 10, interoperability provider Poly Network was severely compromised, having more than $600 million of its funds temporarily stolen. This effectively resurfaced well-founded safety concerns about the current state of DeFi … Read more